Irenic Capital Management LP 13F holdings, Q1 2026
Irenic Capital Management LP disclosed 41 US equity positions worth $1.1bn in its Q1 2026 13F filing. Its largest position is SNAP at 12.5% of the reported book, followed by ITGR and TFX. Versus Q4 2025 it opened 14 new positions, added to 13, reduced 2 and exited 18.
- $1.1bn
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 41
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 12.5%
- Largest position The largest single position as a share of the reported equity book.
- 64.6%
- Top 10 weight The ten largest positions together, as a share of the reported equity book.
- 17
- 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 2025: 14 new, 13 added, 2 reduced, 18 exited
| SNAP SNAP INC | 12.5% | – | new |
| ITGR INTEGER HLDGS CORP | 10.1% | 0.0% | held |
| TFX TELEFLEX INCORPORATED | 9.4% | – | new |
| RAL RALLIANT CORP | 6.6% | +424% | added |
| SHC SOTERA HEALTH CO | 5.7% | +15% | added |
| RSVR RESERVOIR MEDIA INC | 5.5% | +3.3% | added |
| TBPH THERAVANCE BIOPHARMA INC | 4.1% | 0.0% | held |
| ALKT ALKAMI TECHNOLOGY INC | 3.8% | +27% | added |
| SNDA SONIDA SENIOR LIVING INC | 3.6% | +1049% | added |
| BANDWIDTH INC no ticker | 3.4% | 0.0% | held |
| DBD DIEBOLD NIXDORF INC | 3.3% | −25% | reduced |
| CMP COMPASS MINERALS INTL INC | 3.0% | – | new |
| SPSC SPS COMMERCE INC | 3.0% | +32% | added |
| WK WORKIVA INC | 3.0% | 0.0% | held |
| FWRD FORWARD AIR CORP | 1.9% | 0.0% | held |
| AIV APARTMENT INVT & MGMT CO | 1.9% | +29% | added |
| WSRGBP WHITESTONE REIT | 1.9% | +293% | added |
| AHRT ARMADA HOFFLER PPTYS INC | 1.7% | – | new |
| HPE HEWLETT PACKARD ENTERPRISE C | 1.7% | – | new |
| PAR TECHNOLOGY CORP no ticker | 1.6% | – | new |
| NWS NEWS CORP NEW | 1.5% | 0.0% | held |
| RYAM RAYONIER ADVANCED MATLS INC | 1.4% | – | new |
| FSLR FIRST SOLAR INC | 1.3% | +941% | added |
| PKST PEAKSTONE REALTY TRUST | 1.3% | +100% | added |
| SITC SITE CTRS CORP | 1.3% | 0.0% | held |
| JANX JANUX THERAPEUTICS INC | 1.0% | – | new |
| CTRI CENTURI HOLDINGS INC | 0.9% | +97% | added |
| SGRY SURGERY PARTNERS INC | 0.8% | +740% | added |
| SAFEGUARD ACQUISITION CORP no ticker | 0.5% | 0.0% | held |
| GENERAL PURP ACQUISITION COR no ticker | 0.5% | 0.0% | held |
| ADEA ADEIA INC | 0.4% | – | new |
| ELME ELME COMMUNITIES | 0.3% | 0.0% | held |
| BLND BLEND LABS INC | 0.3% | −29% | reduced |
| HIGHVIEW MERGER CORP no ticker | 0.3% | +50% | added |
| SHY ISHARES TR | 0.2% | 0.0% | held |
| UNIQURE NV no ticker | 0.1% | – | new |
| AVIR ATEA PHARMACEUTICALS INC | 0.1% | – | new |
| FATE FATE THERAPEUTICS INC | 0.10% | – | new |
| ATKR ATKORE INC | 0.07% | 0.0% | held |
| VOR VOR BIOPHARMA INC | 0.05% | – | new |
| DH DEFINITIVE HEALTHCARE CORP | 0.01% | – | new |
Exited since Q4 2025
| 9HI HILLENBRAND INC | 5.6% | $42.9m |
| AD ARRAY DIGITAL INFRASTRUCTURE | 1.7% | $12.6m |
| PZZA PAPA JOHNS INTL INC | 1.6% | $12.5m |
| TASK TASKUS INC | 1.5% | $11.3m |
| CWAN CLEARWATER ANALYTICS HLDGS I | 0.8% | $6.0m |
| ARRY ARRAY TECHNOLOGIES INC | 0.4% | $2.7m |
| MLAB MESA LABS INC | 0.3% | $2.0m |
| WEAV WEAVE COMMUNICATIONS INC | 0.2% | $1.7m |
| ICLR ICON PLC | 0.2% | $1.5m |
| COO COOPER COS INC | 0.2% | $1.2m |
| AIN ALBANY INTL CORP | 0.1% | $1.0m |
| LION LIONSGATE STUDIOS CORP | 0.1% | $871k |
| SARO STANDARDAERO INC | 0.09% | $717k |
| HSIC HENRY SCHEIN INC | 0.04% | $302k |
| ABUS ARBUTUS BIOPHARMA CORP | 0.04% | $288k |
| MRVI MARAVAI LIFESCIENCES HLDGS I | 0.03% | $262k |
| GSM FERROGLOBE PLC | 0.01% | $46.4k |
| HIGHVIEW MERGER CORP no ticker | 0.01% | $40.5k |
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