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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
+9.01%
1 Year Est. Return
+12.79%
3 Year Est. Return
+78.39%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.14B
AUM Growth
+$321M
Cap. Flow
+$226M
Cap. Flow %
19.81%
Top 10 Hldgs %
87.79%
Holding
25
New
4
Increased
6
Reduced
4
Closed
5

Top Buys

Rank Stock Value
1
EDR
Endeavor Group Holdings, Inc.
EDR
+$51.5M
2
TGI
Triumph Group
TGI
+$45.8M
3
DH icon
Definitive Healthcare
DH
+$16.3M
4
EQC
Equity Commonwealth
EQC
+$14M
5
FWRD icon
Forward Air
FWRD
+$4.58M

Top Sells

Rank Stock Value
1
SHC icon
Sotera Health
SHC
+$3.56M
2
PGRU
PropertyGuru Group Limited
PGRU
+$2.18M
3
ZUO
Zuora, Inc.
ZUO
+$2.01M
4
HXL icon
Hexcel
HXL
+$1.01M
5
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$275K

Sector Composition

Rank Sector Weight
1 Industrials 16.53%
2 Communication Services 14.86%
3 Healthcare 8.58%
4 Real Estate 4.81%
5 Technology 2.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
1
PUT
iShares Russell 2000 ETF
IWM
$80.3B
$327M 28.72%
1,480,200
-69,100
-4% -$14.8M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$234M 20.58%
408,500
+292,900
+253% +$162M
B
3
DELISTED
Barnes Group Inc.
B
$104M 9.13%
2,572,142
– –
NWS icon
4
News Corp Class B
NWS
$17.3B
$72.7M 6.38%
2,600,989
– –
EDR
5
DELISTED
Endeavor Group Holdings, Inc.
EDR
$53.4M 4.69%
+1,871,024
New +$51.5M
SHC icon
6
Sotera Health
SHC
$4.98B
$46.6M 4.09%
2,788,331
-243,795
-8% -$3.56M
FWRD icon
7
Forward Air
FWRD
$471M
$43.5M 3.82%
1,229,719
+161,480
+15% +$4.58M
RSVR icon
8
Reservoir Media
RSVR
$731M
$43.1M 3.78%
5,312,582
+97,029
+2% +$741K
TGI
9
DELISTED
Triumph Group
TGI
$40.7M 3.58%
+3,158,726
New +$45.8M
AIV
10
Aimco
AIV
$378M
$34.3M 3.01%
3,793,018
-28,771
-0.8% -$256K
DH icon
11
Definitive Healthcare
DH
$73.1M
$28.7M 2.52%
6,413,185
+3,466,243
+118% +$16.3M
DBD icon
12
Diebold Nixdorf
DBD
$3.1B
$25.6M 2.25%
572,779
+23,206
+4% +$960K
TBPH icon
13
Theravance Biopharma
TBPH
$875M
$22.3M 1.95%
2,760,948
– –
EQC
14
DELISTED
Equity Commonwealth
EQC
$20.5M 1.8%
1,029,642
+703,969
+216% +$14M
TSM icon
15
PUT
TSMC
TSM
$2.03T
$7.43M 0.65%
42,800
-118,000
-73% -$20.1M
TENB icon
16
Tenable Holdings
TENB
$3.53B
$3.71M 0.33%
+91,571
New +$3.82M
IART icon
17
Integra LifeSciences
IART
$1.56B
$214K 0.02%
+11,786
New +$273K
GB
18
DELISTED
Global Blue Group Holding
GB
– –
-31,582
Closed -$152K
HXL icon
19
Hexcel
HXL
$8.22B
– –
-16,150
Closed -$1.01M
TLT icon
20
iShares 20+ Year Treasury Bond ETF
TLT
$43.1B
– –
-3,000
Closed -$275K
ZUO
21
DELISTED
Zuora, Inc.
ZUO
– –
-202,121
Closed -$2.01M
PGRU
22
DELISTED
PropertyGuru Group Limited
PGRU
– –
-450,350
Closed -$2.18M

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CET
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FI
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FBB
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SG
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CCP
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Irenic Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Irenic Capital Management held 25 positions worth $1.14B, up 39% from $817M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Irenic Capital Management deployed $226M of net new capital in Q3 2024, opening 4 new positions and adding to 6 existing holdings. Its largest new stake was Endeavor Group Holdings, Inc.: 1,871,024 shares worth $53.4M.

By sector, the portfolio is most concentrated in Industrials at 17% of assets, up from 16% a quarter earlier, followed by Communication Services and Healthcare.

On the sell side, the largest reduction was Sotera Health, an estimated $3.56M trimmed.

  • Irenic Capital Management's largest Q3 2024 buy was Endeavor Group Holdings, Inc.: 1,871,024 shares worth $53.4M.
  • Irenic Capital Management added most to Definitive Healthcare in Q3 2024, an estimated $16.3M increase.
  • Irenic Capital Management's biggest Q3 2024 reduction was Sotera Health, cutting an estimated $3.56M.
  • Irenic Capital Management fully exited PropertyGuru Group Limited in Q3 2024, selling an estimated $2.18M.
  • Irenic Capital Management's ten largest holdings make up 88% of its $1.14B portfolio in Q3 2024.
  • Irenic Capital Management opened 4 new positions and closed 5 in Q3 2024.
  • Irenic Capital Management's portfolio value rose 39% quarter-over-quarter to $1.14B.

Based on Irenic Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.