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IAM
Iridian Asset Management Portfolio holdings
AUM
$247M
1-Year Est. Return
20.65%
This Fund
S&P 500
This Quarter
Est. Return
+5.79%
1 Year Est. Return
+20.65%
3 Year Est. Return
+52.17%
5 Year Est. Return
+62.16%
10 Year Est. Return
+315.77%
AUM
$5.72B
AUM Growth
-$138M
(-2.4%)
Cap. Flow
-$379M
Cap. Flow
% of AUM
-6.63%
Top 10 Holdings %
Top 10 Hldgs %
33.71%
Holding
152
New
33
Increased
28
Reduced
41
Closed
39
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Toll Brothers
TOL
|
+$132M |
| 2 |
Cleveland-Cliffs
CLF
|
+$70.5M |
| 3 |
SPLK
Splunk Inc
SPLK
|
+$44.4M |
| 4 |
Avantor
AVTR
|
+$36.4M |
| 5 |
Hilton Grand Vacations
HGV
|
+$34.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNMR.WS
Danimer Scientific, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Class
DNMR.WS
|
+$161M |
| 2 |
Dell
DELL
|
+$116M |
| 3 |
Ashland
ASH
|
+$68M |
| 4 |
PPLI
People Inc
PPLI
|
+$57.8M |
| 5 |
Wynn Resorts
WYNN
|
+$52.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.28% |
| 2 | Healthcare | 19.59% |
| 3 | Consumer Discretionary | 18.26% |
| 4 | Financials | 11.31% |
| 5 | Industrials | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Labcorp
LH
$25.8B
| $242M | 4.23% |
1,021,174
-141,244
| -12% | -$32.2M |
|
2
Flex
FLEX
$41.5B
| $240M | 4.19% |
17,796,718
-351,814
| -2% | -$4.78M |
|
3
Post Holdings
POST
$4.27B
| $218M | 3.8% |
3,065,684
-182,934
| -6% | -$13.5M |
|
|
TMX
4
DELISTED
Terminix Global Holdings, Inc.
TMX
| $184M | 3.21% |
3,849,053
-124,300
| -3% | -$6.1M |
|
5
Gen Digital
GEN
$16.6B
| $182M | 3.19% |
6,703,713
+105,897
| +2% | +$2.64M |
|
6
Travel + Leisure Co
TNL
$4.81B
| $177M | 3.09% |
2,969,835
-377,788
| -11% | -$23.9M |
|
7
Qorvo
QRVO
$8.09B
| $174M | 3.04% |
889,208
-58,849
| -6% | -$10.9M |
|
8
Elevance Health
ELV
$83.7B
| $173M | 3.03% |
454,153
-20,920
| -4% | -$7.99M |
|
|
SPLK
9
DELISTED
Splunk Inc
SPLK
| $171M | 2.99% |
1,184,784
+349,096
| +42% | +$44.4M |
|
10
Teck Resources
TECK
$28.8B
| $168M | 2.94% |
7,306,174
-307,454
| -4% | -$6.99M |
|
11
Axsome Therapeutics
AXSM
$12.1B
| $156M | 2.73% |
2,315,263
-95,340
| -4% | -$5.72M |
|
12
Arch Capital
ACGL
$37.2B
| $143M | 2.5% |
3,672,814
+429,005
| +13% | +$17M |
|
13
Restaurant Brands International
QSR
$26B
| $141M | 2.47% |
2,193,353
-88,724
| -4% | -$5.98M |
|
|
UNVR
14
DELISTED
Univar Solutions Inc.
UNVR
| $140M | 2.44% |
5,737,489
-450,582
| -7% | -$11.3M |
|
15
Lyft
LYFT
$5.87B
| $139M | 2.43% |
2,294,375
+472,215
| +26% | +$27.2M |
|
|
16
Hilton Grand Vacations
HGV
$4.14B
| $137M | 2.4% |
3,311,193
+795,220
| +32% | +$34.5M |
|
|
17
Avantor
AVTR
$8.48B
| $130M | 2.27% |
3,664,841
+1,126,233
| +44% | +$36.4M |
|
18
Molina Healthcare
MOH
$10.5B
| $128M | 2.24% |
506,294
-34,122
| -6% | -$8.57M |
|
|
BECN
19
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $126M | 2.2% |
2,362,151
-244,986
| -9% | -$13.7M |
|
20
Intercontinental Exchange
ICE
$86.4B
| $126M | 2.2% |
1,058,840
-186,596
| -15% | -$21.5M |
|
|
21
Toll Brothers
TOL
$14.5B
| $125M | 2.19% |
+2,163,396
| New | +$132M |
|
22
DigitalBridge
DBRG
$2.93B
| $119M | 2.08% |
3,768,602
-738,001
| -16% | -$21.1M |
|
23
Wolfspeed
WOLF
$1.14B
| $119M | 2.08% |
1,213,569
+101,243
| +9% | +$10.2M |
|
|
24
Wynn Resorts
WYNN
$10.3B
| $115M | 2.01% |
941,968
-410,789
| -30% | -$52.3M |
|
25
Resideo Technologies
REZI
$5.55B
| $109M | 1.91% |
3,636,060
-163,271
| -4% | -$4.83M |
|
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Iridian Asset Management's Q2 2021 Portfolio in Review
As of Q2 2021, Iridian Asset Management held 152 positions worth $5.72B, down 2.4% from $5.86B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Iridian Asset Management withdrew a net $379M in Q2 2021, closing 39 positions and reducing 41 holdings. Its most notable exit was Danimer Scientific, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Class, an estimated $161M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 23% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Iridian Asset Management opened a new position in Toll Brothers worth $125M.
- Iridian Asset Management's largest Q2 2021 buy was Toll Brothers: 2,163,396 shares worth $125M.
- Iridian Asset Management added most to Splunk Inc in Q2 2021, an estimated $44.4M increase.
- Iridian Asset Management's biggest Q2 2021 reduction was People Inc, cutting an estimated $57.8M.
- Iridian Asset Management fully exited Danimer Scientific, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Class in Q2 2021, selling an estimated $161M.
- Iridian Asset Management's ten largest holdings make up 34% of its $5.72B portfolio in Q2 2021.
- Iridian Asset Management opened 33 new positions and closed 39 in Q2 2021.
- Iridian Asset Management's portfolio value fell 2.4% quarter-over-quarter to $5.72B.
Based on Iridian Asset Management's 13F filing for Q2 2021, filed 11 Aug 2021.