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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
+7.93%
1 Year Est. Return
+12.79%
3 Year Est. Return
+78.39%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$931M
AUM Growth
-$208M
Cap. Flow
-$239M
Cap. Flow %
-25.64%
Top 10 Hldgs %
81.66%
Holding
30
New
10
Increased
7
Reduced
2
Closed
5

Top Buys

Rank Stock Value
1
KBR icon
KBR
KBR
+$35.5M
2
EDR
Endeavor Group Holdings, Inc.
EDR
+$35.1M
3
MAGN
Magnera Corp
MAGN
+$18.3M
4
TGI
Triumph Group
TGI
+$10.4M
5
ACHC icon
Acadia Healthcare
ACHC
+$6.04M

Top Sells

Rank Stock Value
1
NWS icon
News Corp Class B
NWS
+$36.8M
2
EQC
Equity Commonwealth
EQC
+$20.5M
3
TENB icon
Tenable Holdings
TENB
+$3.71M
4
IART icon
Integra LifeSciences
IART
+$214K

Sector Composition

Rank Sector Weight
1 Industrials 28.37%
2 Communication Services 19.94%
3 Healthcare 10.77%
4 Real Estate 3.72%
5 Technology 2.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
26
PUT
TSMC
TSM
$2.18T
– –
-42,800
Closed -$7.43M
EQC
27
DELISTED
Equity Commonwealth
EQC
– –
-1,029,642
Closed -$20.5M
1
2

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CET
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SG
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HR
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AF
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ACL
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KCM
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Irenic Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Irenic Capital Management held 30 positions worth $931M, down 18% from $1.14B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Irenic Capital Management withdrew a net $239M in Q4 2024, closing 5 positions and reducing 2 holdings. Its most notable exit was Equity Commonwealth, an estimated $20.5M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 17% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Irenic Capital Management opened a new position in KBR worth $32.2M.

  • Irenic Capital Management's largest Q4 2024 buy was KBR: 556,144 shares worth $32.2M.
  • Irenic Capital Management added most to Endeavor Group Holdings, Inc. in Q4 2024, an estimated $35.1M increase.
  • Irenic Capital Management's biggest Q4 2024 reduction was News Corp Class B, cutting an estimated $36.8M.
  • Irenic Capital Management fully exited Equity Commonwealth in Q4 2024, selling an estimated $20.5M.
  • Irenic Capital Management's ten largest holdings make up 82% of its $931M portfolio in Q4 2024.
  • Irenic Capital Management opened 10 new positions and closed 5 in Q4 2024.
  • Irenic Capital Management's portfolio value fell 18% quarter-over-quarter to $931M.

Based on Irenic Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.