Irenic Capital Management LP 13F holdings, Q1 2025
Irenic Capital Management LP disclosed 22 US equity positions worth $659.6m in its Q1 2025 13F filing. Its largest position is ISHARES TR RUSSELL 2000 ETF at 30.8% of the reported book, followed by TG7 and RSVR. Versus Q4 2024 it opened 8 new positions, added to 6, reduced 2 and exited 5.
- $660m
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 22
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 30.8%
- Largest position The largest single position as a share of the reported equity book.
- 83.0%
- 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 2024: 8 new, 6 added, 2 reduced, 5 exited
| ISHARES TR RUSSELL 2000 ETF no ticker | 30.8% | – | new |
| TG7 TRIUMPH GROUP INC NEW | 14.5% | 0.0% | held |
| RSVR RESERVOIR MEDIA INC | 6.2% | +1.2% | added |
| AIV APARTMENT INVT & MGMT CO | 6.2% | +22% | added |
| SHC SOTERA HEALTH CO | 5.5% | +7.2% | added |
| DBD DIEBOLD NIXDORF INC | 4.8% | +14% | added |
| BASE COUCHBASE INC | 4.0% | – | new |
| FWRD FORWARD AIR CORP | 3.7% | 0.0% | held |
| TBPH THERAVANCE BIOPHARMA INC | 3.7% | 0.0% | held |
| NWS NEWS CORP NEW | 3.4% | −46% | reduced |
| MAGN MAGNERA CORP | 3.3% | +35% | added |
| TRS TRIMAS CORP | 3.0% | – | new |
| BANDWIDTH INC no ticker | 2.9% | 0.0% | held |
| SITC SITE CTRS CORP | 2.9% | – | new |
| BATRK ATLANTA BRAVES HLDGS INC | 2.4% | – | new |
| U UNITY SOFTWARE INC | 0.9% | 0.0% | held |
| ACHC ACADIA HEALTHCARE COMPANY IN | 0.6% | 0.0% | held |
| SHY ISHARES TR | 0.4% | +400% | added |
| ARRY ARRAY TECHNOLOGIES INC | 0.3% | −2.3% | reduced |
| BLND BLEND LABS INC | 0.1% | – | new |
| FUN SIX FLAGS ENTERTAINMENT CORP | 0.07% | – | new |
| GSM FERROGLOBE PLC | 0.01% | – | new |
Exited since Q4 2024
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