We are live on ! Find out more
ICM

Irenic Capital Management Portfolio holdings

AUM $2.08B
1-Year Est. Return 19.87%
This Fund
S&P 500
This Quarter Est. Return
+17.05%
1 Year Est. Return
+19.87%
3 Year Est. Return
+93.64%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.08B
AUM Growth
+$547M
Cap. Flow
+$155M
Cap. Flow %
7.44%
Top 10 Hldgs %
66.34%
Holding
63
New
17
Increased
13
Reduced
7
Closed
14

Top Buys

Rank Stock Value
1
CPNG icon
Coupang
CPNG
+$44.9M
2
DPC
DPC Holdings PLC
DPC
+$40.9M
3
ATKR icon
Atkore
ATKR
+$37.2M
4
MMSI icon
Merit Medical Systems
MMSI
+$35.8M
5
SMA
SmartStop Self Storage REIT
SMA
+$27.8M

Top Sells

Rank Stock Value
1
FWRD icon
Forward Air
FWRD
+$20.6M
2
HPE icon
Hewlett Packard
HPE
+$18.7M
3
NWS icon
News Corp Class B
NWS
+$16.9M
4
WSR
Whitestone REIT
WSR
+$16.1M
5
RYAM icon
Rayonier Advanced Materials
RYAM
+$15M

Sector Composition

Rank Sector Weight
1 Miscellaneous 35.33%
2 Healthcare 23.37%
3 Technology 17.18%
4 Communication Services 10.63%
5 Real Estate 5.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADEA icon
26
Adeia
ADEA
$2.95B
$20.9M 1%
634,772
+434,872
+218% +$12.8M
AHRT
27
AH Realty Trust
AHRT
$471M
$20.7M 0.99%
2,918,328
-567,315
-16% -$3.64M
CTRI icon
28
Centuri Holdings
CTRI
$2.04B
$15.7M 0.75%
518,705
+163,934
+46% +$5.29M
SPY icon
29
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$808B
$13.6M 0.65%
+18,200
New +$13.2M
SITC icon
30
SITE Centers
SITC
$148M
$10.3M 0.5%
2,605,378
– –
SNAP icon
31
CALL
Snap
SNAP
$9.61B
$9.4M 0.45%
2,116,000
-3,648,500
-63% -$20M
XLE icon
32
CALL
State Street Energy Select Sector SPDR ETF
XLE
$42.9B
$9.29M 0.45%
+175,000
New +$10M
GDS icon
33
GDS Holdings
GDS
$6.18B
$8.5M 0.41%
+283,000
New +$10.9M
NHP
34
National Healthcare Properties
NHP
$1.15B
$8.05M 0.39%
+549,593
New +$7.69M
WSR
35
DELISTED
Whitestone REIT
WSR
$7.74M 0.37%
408,245
-857,146
-68% -$16.1M
SAC.U
36
Safeguard Acquisition Corp Units
SAC.U
$5.12M 0.25%
500,000
– –
GPACU
37
General Purpose Acquisition Corp Units
GPACU
$5.04M 0.24%
500,000
– –
ANAB icon
38
AnaptysBio
ANAB
$1.6B
$4.76M 0.23%
+70,447
New +$4.27M
AIV
39
Aimco
AIV
$349M
$4.15M 0.2%
1,398,460
-3,631,061
-72% -$13.9M
USO icon
40
United States Oil Fund
USO
$1.75B
$4.1M 0.2%
+38,500
New +$5.04M
BLND icon
41
Blend Labs
BLND
$333M
$3.91M 0.19%
2,284,101
+79,901
+4% +$127K
HVMC
42
Highview Merger Corp
HVMC
$301M
$3.04M 0.15%
300,000
-150,000
-33% -$1.52M
ELME
43
Elme Communities
ELME
$148M
$2.83M 0.14%
1,909,557
– –
SHY icon
44
iShares 1-3 Year Treasury Bond ETF
SHY
$26.1B
$2.46M 0.12%
30,000
– –
FVR
45
FrontView REIT
FVR
$452M
$1.35M 0.06%
+66,608
New +$1.2M
IACQU
46
Irenic Acquisition Corp Unit
IACQU
$227M
$668K 0.03%
+65,700
New +$661K
HVMCW
47
Highview Merger Corp Warrants
HVMCW
$2.99M
$52.5K ﹤0.01%
+150,000
New +$45.8K
AVIR icon
48
Atea Pharmaceuticals
AVIR
$426M
– –
-301,699
Closed -$1.62M
DH icon
49
Definitive Healthcare
DH
$112M
– –
-58,088
Closed -$71.4K
FATE icon
50
Fate Therapeutics
FATE
$277M
– –
-878,055
Closed -$1.05M
1
2
3

Similar funds

TA
Tectonic Advisors Frisco, Texas $2.08B AUM 16.31% 1-Year Est. Return
KA
Kovack Advisors Ft. Lauderdale, Florida $2.08B AUM 38.95% 1-Year Est. Return
TFS
Thoroughbred Financial Services Brentwood, Tennessee $2.08B AUM 54.89% 1-Year Est. Return
NCMU
NAYA Capital Management (UK) London, United Kingdom $2.08B AUM 63.16% 1-Year Est. Return
CAM
Cidel Asset Management Toronto, Ontario, Ontario, Canada $2.08B AUM 24.89% 1-Year Est. Return
OPAM
Ocean Park Asset Management Santa Monica, California $2.08B AUM 5.32% 1-Year Est. Return
WFMPM
Woodley Farra Manion Portfolio Management Indianapolis, Indiana $2.08B AUM 14.48% 1-Year Est. Return
OAM
Ostrum Asset Management Paris, France $2.08B AUM 40.17% 1-Year Est. Return

Irenic Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Irenic Capital Management held 63 positions worth $2.08B, up 36% from $1.54B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Irenic Capital Management deployed $155M of net new capital in Q2 2026, opening 17 new positions and adding to 13 existing holdings. Its largest new stake was Coupang: 2,484,979 shares worth $43.2M.

By sector, the portfolio is most concentrated in Miscellaneous at 35% of assets, up from 33% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Whitestone REIT, an estimated $16.1M trimmed.

  • Irenic Capital Management's largest Q2 2026 buy was Coupang: 2,484,979 shares worth $43.2M.
  • Irenic Capital Management added most to Atkore in Q2 2026, an estimated $37.2M increase.
  • Irenic Capital Management's biggest Q2 2026 reduction was Whitestone REIT, cutting an estimated $16.1M.
  • Irenic Capital Management fully exited Forward Air in Q2 2026, selling an estimated $20.6M.
  • Irenic Capital Management's ten largest holdings make up 66% of its $2.08B portfolio in Q2 2026.
  • Irenic Capital Management opened 17 new positions and closed 14 in Q2 2026.
  • Irenic Capital Management's portfolio value rose 36% quarter-over-quarter to $2.08B.

Based on Irenic Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.