WhaleCreep

Irenic Capital Management LP 13F holdings, Q4 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-12-31, filed 2025-02-14

Irenic Capital Management LP disclosed 19 US equity positions worth $656.4m in its Q4 2024 13F filing. Its largest position is BUSD at 18.5% of the reported book, followed by 0C3 and TG7. Versus Q3 2024 it opened 6 new positions, added to 6, reduced 1 and exited 4.

$656m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
19
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
18.5%
Largest position
The largest single position as a share of the reported equity book.
84.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
10
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 Q3 2024: 6 new, 6 added, 1 reduced, 4 exited

19 rows
BUSD BARNES GROUP INC–18.5%$122m2.57m0.0%held
0C3 ENDEAVOR GROUP HLDGS INC–14.5%$95.5m3.05m+63%added
TG7 TRIUMPH GROUP INC NEW–10.8%$70.7m3.79m+20%added
RSVR RESERVOIR MEDIA INCCommunication Services7.3%$48.2m5.32m+0.2%held
NWS NEWS CORP NEWCommunication Services6.4%$42.0m1.38m−47%reduced
SHC SOTERA HEALTH COHealthcare6.1%$39.8m2.91m+4.3%added
FWRD FORWARD AIR CORPIndustrials6.0%$39.7m1.23m0.0%held
AIV APARTMENT INVT & MGMT COReal Estate5.3%$34.7m3.81m+0.5%added
KBR KBR INCIndustrials4.9%$32.2m556,144–new
DH DEFINITIVE HEALTHCARE CORPHealthcare4.4%$28.8m7.00m+9.2%added
DBD DIEBOLD NIXDORF INCTechnology4.2%$27.3m633,327+11%added
TBPH THERAVANCE BIOPHARMA INCHealthcare4.0%$26.0m2.76m0.0%held
BANDWIDTH INC no ticker–2.9%$19.1m24.17m0.0%held
MAGN MAGNERA CORPConsumer Defensive2.5%$16.3m895,772–new
U UNITY SOFTWARE INCTechnology0.9%$5.9m6.51m0.0%held
ACHC ACADIA HEALTHCARE COMPANY INHealthcare0.8%$5.3m133,907–new
ARRY ARRAY TECHNOLOGIES INCTechnology0.4%$2.6m3.07m–new
SHY ISHARES TR–0.07%$492k6,000–new
GRAL GRAIL INCHealthcare0.05%$357k20,000–new

Exited since Q3 2024

4 rows
HP5A EQUITY COMWLTH3.6%$20.5m
EVENTBRITE INC no ticker1.1%$6.0m
TENB TENABLE HLDGS INC0.7%$3.7m
IART INTEGRA LIFESCIENCES HLDGS C0.04%$214k

Sector mix

  • Unclassified46.8%
  • Healthcare15.3%
  • Communication Services13.7%
  • Industrials11.0%
  • Technology5.5%
  • Real Estate5.3%
  • Consumer Defensive2.5%

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