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Irenic Capital Management Portfolio holdings

AUM $1.54B
1-Year Est. Return 12.79%
This Fund
S&P 500
This Quarter Est. Return
-8.16%
1 Year Est. Return
+12.79%
3 Year Est. Return
+78.39%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.54B
AUM Growth
+$48.7M
Cap. Flow
+$252M
Cap. Flow %
16.44%
Top 10 Hldgs %
65.25%
Holding
64
New
20
Increased
13
Reduced
2
Closed
18

Top Buys

Rank Stock Value
1
SNAP icon
Snap
SNAP
+$177M
2
TFX icon
Teleflex
TFX
+$95.9M
3
RAL
Ralliant Corp
RAL
+$66.2M
4
SNDA icon
Sonida Senior Living
SNDA
+$37.3M
5
CMP icon
Compass Minerals
CMP
+$33.8M

Top Sells

Rank Stock Value
1
HI
Hillenbrand
HI
+$42.9M
2
AD
Array Digital Infrastructure
AD
+$12.6M
3
PZZA icon
Papa John's
PZZA
+$12.5M
4
DBD icon
Diebold Nixdorf
DBD
+$12M
5
TASK icon
TaskUs
TASK
+$11.3M

Sector Composition

Rank Sector Weight
1 Healthcare 25.14%
2 Technology 16.83%
3 Communication Services 14.03%
4 Real Estate 6%
5 Materials 3.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PKST
26
DELISTED
Peakstone Realty Trust
PKST
$14.1M 0.92%
674,700
+337,883
+100% +$6.31M
SITC icon
27
SITE Centers
SITC
$237M
$14.1M 0.92%
2,605,378
– –
JANX icon
28
Janux Therapeutics
JANX
$903M
$10.6M 0.69%
+765,804
New +$10.5M
CTRI icon
29
Centuri Holdings
CTRI
$2.62B
$10.4M 0.67%
354,771
+174,771
+97% +$5.09M
SGRY icon
30
Surgery Partners
SGRY
$2.04B
$8.48M 0.55%
711,000
+626,380
+740% +$8.99M
SAC.U
31
Safeguard Acquisition Corp Units
SAC.U
$5.05M 0.33%
500,000
– –
GPACU
32
General Purpose Acquisition Corp Units
GPACU
$5M 0.33%
500,000
– –
ADEA icon
33
Adeia
ADEA
$2.75B
$4.8M 0.31%
+199,900
New +$4.05M
ELME
34
Elme Communities
ELME
$143M
$3.84M 0.25%
1,909,557
– –
BLND icon
35
Blend Labs
BLND
$431M
$3.75M 0.24%
2,204,200
-910,749
-29% -$1.95M
HVMC
36
Highview Merger Corp
HVMC
$300M
$3.05M 0.2%
450,000
+150,000
+50% +$1.51M
SARO
37
CALL
StandardAero Inc
SARO
$9.99B
$2.58M 0.17%
+99,800
New +$2.98M
SHY icon
38
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
$2.48M 0.16%
30,000
– –
QURE icon
39
uniQure
QURE
$2.46B
$1.64M 0.11%
+100,000
New +$2.02M
AVIR icon
40
Atea Pharmaceuticals
AVIR
$326M
$1.62M 0.11%
+301,699
New +$1.39M
FATE icon
41
Fate Therapeutics
FATE
$269M
$1.05M 0.07%
+878,055
New +$1.07M
ATKR icon
42
Atkore
ATKR
$2.58B
$823K 0.05%
13,977
– –
VOR icon
43
Vor Biopharma
VOR
$1.05B
$583K 0.04%
+32,663
New +$461K
DH icon
44
Definitive Healthcare
DH
$73.3M
$71.4K ﹤0.01%
+58,088
New +$101K
ABUS icon
45
Arbutus Biopharma
ABUS
$867M
– –
-59,853
Closed -$288K
AIN icon
46
Albany International
AIN
$2.16B
– –
-20,000
Closed -$1.01M
COO icon
47
Cooper Companies
COO
$13.9B
– –
-15,000
Closed -$1.23M
CWAN
48
DELISTED
Clearwater Analytics
CWAN
– –
-250,000
Closed -$6.03M
GSM icon
49
FerroAtlántica
GSM
$617M
– –
-10,000
Closed -$46.4K
HI
50
DELISTED
Hillenbrand
HI
– –
-1,351,604
Closed -$42.9M
1
2
3

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CET
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FBB
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SG
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HR
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CCP
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Irenic Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Irenic Capital Management held 64 positions worth $1.54B, up 3.3% from $1.49B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Irenic Capital Management deployed $252M of net new capital in Q1 2026, opening 20 new positions and adding to 13 existing holdings. Its largest new stake was Snap: 30,000,000 shares worth $138M.

By sector, the portfolio is most concentrated in Healthcare at 25% of assets, up from 15% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Diebold Nixdorf, an estimated $12M trimmed.

  • Irenic Capital Management's largest Q1 2026 buy was Snap: 30,000,000 shares worth $138M.
  • Irenic Capital Management added most to Ralliant Corp in Q1 2026, an estimated $66.2M increase.
  • Irenic Capital Management's biggest Q1 2026 reduction was Diebold Nixdorf, cutting an estimated $12M.
  • Irenic Capital Management fully exited Hillenbrand in Q1 2026, selling an estimated $42.9M.
  • Irenic Capital Management's ten largest holdings make up 65% of its $1.54B portfolio in Q1 2026.
  • Irenic Capital Management opened 20 new positions and closed 18 in Q1 2026.
  • Irenic Capital Management's portfolio value rose 3.3% quarter-over-quarter to $1.54B.

Based on Irenic Capital Management's 13F filing for Q1 2026, filed 18 May 2026.