Irenic Capital Management 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Irenic Capital Management disclosed 20 US equity positions worth $454.6m in its Q2 2025 13F filing. The largest position was TG7 at 13.3% of the reported book, followed by APARTMENT INVT & MGMT CO and RSVR. Against the Q1 2025 filing, it opened 6 new positions, added to 5 and reduced 5 among the top 20 holdings.
What did Irenic Capital Management own in Q2 2025? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TG7 TRIUMPH GROUP INC NEW | 13.3% | $60.5m | 2,350,173 | -38% | reduced | |
| 2 | APARTMENT INVT & MGMT CO | 9.3% | $42.3m | 4,886,442 | 5% | added | |
| 3 | RSVR RESERVOIR MEDIA INC | 9.3% | $42.1m | 5,492,310 | 2% | added | |
| 4 | SHC SOTERA HEALTH CO | Healthcare | 9.1% | $41.3m | 3,712,011 | 19% | added |
| 5 | DBD DIEBOLD NIXDORF INC | Technology | 7.3% | $33.0m | 595,223 | -17% | reduced |
| 6 | TBPH THERAVANCE BIOPHARMA INC | Healthcare | 6.7% | $30.5m | 2,760,948 | 0% | held |
| 7 | FWRD FORWARD AIR CORP | 6.6% | $30.2m | 1,229,719 | – | new | |
| 8 | SITE CTRS CORP | 6.5% | $29.5m | 2,605,378 | 77% | added | |
| 9 | TRS TRIMAS CORP | Consumer Cyclical | 5.7% | $25.8m | 901,926 | 6% | added |
| 10 | NWS NEWS CORP NEW | Communication Services | 4.9% | $22.1m | 643,809 | -13% | reduced |
| 11 | BANDWIDTH INC | 4.5% | $20.4m | 24,173,000 | 0% | held | |
| 12 | COUCHBASE INC | 4.3% | $19.6m | 802,134 | -52% | reduced | |
| 13 | GO GROCERY OUTLET HLDG CORP | Consumer Defensive | 4.3% | $19.3m | 1,557,655 | – | new |
| 14 | BATRK ATLANTA BRAVES HLDGS INC | Communication Services | 3.8% | $17.4m | 372,105 | -6% | reduced |
| 15 | LION LIONSGATE STUDIOS CORP | 1.6% | $7.1m | 1,228,035 | – | new | |
| 16 | SGRY SURGERY PARTNERS INC | Healthcare | 1.3% | $5.7m | 257,499 | – | new |
| 17 | VIGIL NEUROSCIENCE INC | 0.6% | $3.0m | 371,321 | – | new | |
| 18 | SHY ISHARES TR | 0.5% | $2.5m | 30,000 | 0% | held | |
| 19 | ARRY ARRAY TECHNOLOGIES INC | 0.5% | $2.4m | 3,000,000 | 0% | held | |
| 20 | MRVI MARAVAI LIFESCIENCES HLDGS I | Healthcare | 0.0% | $49.8k | 20,668 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.