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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
+2.78%
1 Year Est. Return
+12.79%
3 Year Est. Return
+78.39%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$290M
AUM Growth
+$81.4M
Cap. Flow
+$60.3M
Cap. Flow %
20.8%
Top 10 Hldgs %
95.78%
Holding
22
New
6
Increased
4
Reduced
1
Closed
5

Top Buys

Rank Stock Value
1
NWSA icon
News Corp Class A
NWSA
+$23.3M
2
AIV
Aimco
AIV
+$11.9M
3
TBPH icon
Theravance Biopharma
TBPH
+$11.2M
4
STGW icon
Stagwell
STGW
+$3.22M
5
NWS icon
News Corp Class B
NWS
+$3.05M

Top Sells

Rank Stock Value
1
INDT
INDUS Realty Trust, Inc. (MD) Common Stock
INDT
+$12.7M
2
B
Barnes Group Inc.
B
+$2.78M
3
SHC icon
Sotera Health
SHC
+$1.78M
4
HEI.A icon
HEICO Corp Class A
HEI.A
+$416K
5
SPB icon
Spectrum Brands
SPB
+$122K

Sector Composition

Rank Sector Weight
1 Communication Services 52.94%
2 Healthcare 14.23%
3 Real Estate 4.23%
4 Industrials 3.25%
5 Technology 0.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NWS icon
1
News Corp Class B
NWS
$17.2B
$90.5M 31.21%
5,191,005
+165,328
+3% +$3.05M
NWSA icon
2
News Corp Class A
NWSA
$15.3B
$59.4M 20.5%
3,440,318
+1,276,984
+59% +$23.3M
OEF icon
3
PUT
iShares S&P 100 ETF
OEF
$19.8B
$44.5M 15.35%
249,500
+165,500
+197% +$29.7M
TBPH icon
4
Theravance Biopharma
TBPH
$875M
$30M 10.35%
2,764,048
+1,063,111
+63% +$11.2M
AIV
5
Aimco
AIV
$375M
$12.3M 4.23%
+1,594,841
New +$11.9M
SHC icon
6
Sotera Health
SHC
$5.06B
$10.7M 3.68%
595,950
-106,236
-15% -$1.78M
ARNC
7
DELISTED
Arconic Corporation
ARNC
$9.42M 3.25%
359,135
– –
DLR icon
8
PUT
Digital Realty Trust
DLR
$71.5B
$4.93M 1.7%
+50,100
New +$5.28M
STGW icon
9
Stagwell
STGW
$1.98B
$3.42M 1.18%
+460,245
New +$3.22M
ALKT icon
10
Alkami Technology
ALKT
$1.94B
$2.26M 0.78%
+178,494
New +$2.63M
LFCR icon
11
Lifecore Biomedical
LFCR
$165M
$587K 0.2%
+155,465
New +$867K
CCOI icon
12
Cogent Communications
CCOI
$649M
$159K 0.06%
+2,500
New +$161K
HEI.A icon
13
HEICO Corp Class A
HEI.A
$36.8B
– –
-3,471
Closed -$416K
QQQ icon
14
PUT
Invesco QQQ Trust
QQQ
$445B
– –
-20,500
Closed -$5.46M
SPB icon
15
Spectrum Brands
SPB
$2.08B
– –
-2,000
Closed -$122K
B
16
DELISTED
Barnes Group Inc.
B
– –
-67,999
Closed -$2.78M
INDT
17
DELISTED
INDUS Realty Trust, Inc. (MD) Common Stock
INDT
– –
-200,005
Closed -$12.7M

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CET
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FBB
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Irenic Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Irenic Capital Management held 22 positions worth $290M, up 39% from $209M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Irenic Capital Management deployed $60.3M of net new capital in Q1 2023, opening 6 new positions and adding to 4 existing holdings. Its largest new stake was Aimco: 1,594,841 shares worth $12.3M.

By sector, the portfolio is most concentrated in Communication Services at 53% of assets, down from 63% a quarter earlier, followed by Healthcare and Real Estate.

On the sell side, the largest reduction was Sotera Health, an estimated $1.78M trimmed.

  • Irenic Capital Management's largest Q1 2023 buy was Aimco: 1,594,841 shares worth $12.3M.
  • Irenic Capital Management added most to News Corp Class A in Q1 2023, an estimated $23.3M increase.
  • Irenic Capital Management's biggest Q1 2023 reduction was Sotera Health, cutting an estimated $1.78M.
  • Irenic Capital Management fully exited INDUS Realty Trust, Inc. (MD) Common Stock in Q1 2023, selling an estimated $12.7M.
  • Irenic Capital Management's ten largest holdings make up 96% of its $290M portfolio in Q1 2023.
  • Irenic Capital Management opened 6 new positions and closed 5 in Q1 2023.
  • Irenic Capital Management's portfolio value rose 39% quarter-over-quarter to $290M.

Based on Irenic Capital Management's 13F filing for Q1 2023, filed 15 May 2023.