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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
-1.36%
1 Year Est. Return
+12.79%
3 Year Est. Return
+78.39%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$352M
AUM Growth
+$17.4M
Cap. Flow
+$31.1M
Cap. Flow %
8.84%
Top 10 Hldgs %
86.07%
Holding
25
New
13
Increased
2
Reduced
4
Closed
2

Top Buys

Rank Stock Value
1
ESGR
Enstar Group
ESGR
+$8.42M
2
OUT icon
Outfront Media
OUT
+$7.93M
3
DBD icon
Diebold Nixdorf
DBD
+$7.66M
4
JRVR icon
James River Group Holdings
JRVR
+$6.55M
5
SHC icon
Sotera Health
SHC
+$6.33M

Top Sells

Rank Stock Value
1
ARNC
Arconic Corporation
ARNC
+$10.6M
2
ENFN
Enfusion, Inc.
ENFN
+$9.86M
3
NWSA icon
News Corp Class A
NWSA
+$3.23M
4
PRDS
Pardes Biosciences, Inc. Common Stock
PRDS
+$88.2K

Sector Composition

Rank Sector Weight
1 Communication Services 54.49%
2 Healthcare 12.61%
3 Technology 5.6%
4 Financials 4.06%
5 Real Estate 2.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NWS icon
1
News Corp Class B
NWS
$17.3B
$108M 30.75%
5,191,005
– –
NWSA icon
2
News Corp Class A
NWSA
$15.3B
$65.8M 18.68%
3,280,935
-159,383
-5% -$3.23M
TBPH icon
3
Theravance Biopharma
TBPH
$875M
$23.8M 6.76%
2,760,948
– –
IWM icon
4
PUT
iShares Russell 2000 ETF
IWM
$80.3B
$23.4M 6.65%
132,500
-55,500
-30% -$10.4M
RSVR icon
5
Reservoir Media
RSVR
$731M
$17.8M 5.06%
2,920,141
+781,010
+37% +$4.38M
SHC icon
6
Sotera Health
SHC
$5B
$16.5M 4.67%
1,099,156
+375,326
+52% +$6.33M
ESGR
7
DELISTED
Enstar Group
ESGR
$8.12M 2.3%
+33,547
New +$8.42M
DBD icon
8
Diebold Nixdorf
DBD
$3.11B
$7.65M 2.17%
+403,757
New +$7.66M
OUT icon
9
Outfront Media
OUT
$5.66B
$6.31M 1.79%
+634,605
New +$7.93M
JRVR icon
10
James River Group Holdings
JRVR
$222M
$6.17M 1.75%
+402,071
New +$6.55M
AYX
11
DELISTED
Alteryx Inc
AYX
$4.83M 1.37%
+128,081
New +$4.59M
MASI
12
DELISTED
Masimo
MASI
$4.15M 1.18%
+47,309
New +$5.51M
BLND icon
13
Blend Labs
BLND
$436M
$3.21M 0.91%
+2,341,294
New +$2.84M
AIV
14
Aimco
AIV
$378M
$3.14M 0.89%
+461,731
New +$3.67M
DLR icon
15
PUT
Digital Realty Trust
DLR
$71.9B
$2.72M 0.77%
22,500
-50,100
-69% -$6.15M
GB
16
DELISTED
Global Blue Group Holding
GB
$2.62M 0.74%
+431,643
New +$2.29M
ENFN
17
DELISTED
Enfusion, Inc.
ENFN
$1.43M 0.41%
159,778
-1,038,524
-87% -$9.86M
AMBP icon
18
Ardagh Metal Packaging
AMBP
$3.02B
$152K 0.04%
+48,565
New +$171K
PRDS
19
DELISTED
Pardes Biosciences, Inc. Common Stock
PRDS
– –
-48,751
Closed -$88.2K
ARNC
20
DELISTED
Arconic Corporation
ARNC
– –
-359,135
Closed -$10.6M

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MCP
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CET
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FI
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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 Q3 2023 Portfolio in Review

As of Q3 2023, Irenic Capital Management held 25 positions worth $352M, up 5.2% from $335M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Irenic Capital Management deployed $31.1M of net new capital in Q3 2023, opening 13 new positions and adding to 2 existing holdings. Its largest new stake was Enstar Group: 33,547 shares worth $8.12M.

By sector, the portfolio is most concentrated in Communication Services at 54% of assets, up from 54% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Enfusion, Inc., an estimated $9.86M trimmed.

  • Irenic Capital Management's largest Q3 2023 buy was Enstar Group: 33,547 shares worth $8.12M.
  • Irenic Capital Management added most to Sotera Health in Q3 2023, an estimated $6.33M increase.
  • Irenic Capital Management's biggest Q3 2023 reduction was Enfusion, Inc., cutting an estimated $9.86M.
  • Irenic Capital Management fully exited Arconic Corporation in Q3 2023, selling an estimated $10.6M.
  • Irenic Capital Management's ten largest holdings make up 86% of its $352M portfolio in Q3 2023.
  • Irenic Capital Management opened 13 new positions and closed 2 in Q3 2023.
  • Irenic Capital Management's portfolio value rose 5.2% quarter-over-quarter to $352M.

Based on Irenic Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.