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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
+9.37%
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
$1.07B
AUM Growth
-$145M
(-12%)
Cap. Flow
-$236M
Cap. Flow
% of AUM
-21.98%
Top 10 Holdings %
Top 10 Hldgs %
61.65%
Holding
51
New
4
Increased
15
Reduced
30
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Herbalife
HLF
|
+$6.84M |
| 2 |
Warner Bros
WBD
|
+$4.16M |
| 3 |
LPL Financial
LPLA
|
+$4M |
| 4 |
Clarivate
CLVT
|
+$3.4M |
| 5 |
Elevance Health
ELV
|
+$3.38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$67.7M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$53.5M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$28.2M |
| 4 |
Restaurant Brands International
QSR
|
+$23.7M |
| 5 |
BECN
Beacon Roofing Supply, Inc.
BECN
|
+$17.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.87% |
| 2 | Healthcare | 14.89% |
| 3 | Technology | 11.05% |
| 4 | Consumer Staples | 9.34% |
| 5 | Financials | 5.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $266M | 24.76% |
600,000
-161,400
| -21% | -$67.7M |
|
|
2
iShares Russell 2000 ETF
IWM
$80.4B
| $56.2M | 5.23% |
300,000
-300,000
| -50% | -$53.5M |
|
3
Travel + Leisure Co
TNL
$4.81B
| $46.1M | 4.29% |
1,141,719
-43,133
| -4% | -$1.66M |
|
4
Labcorp
LH
$25.8B
| $45.2M | 4.21% |
217,904
-4,361
| -2% | -$846K |
|
|
5
Elevance Health
ELV
$83.7B
| $44.4M | 4.13% |
99,906
+7,329
| +8% | +$3.38M |
|
6
Flex
FLEX
$41.5B
| $43.4M | 4.04% |
2,083,536
-716,429
| -26% | -$12.8M |
|
7
Crown Holdings
CCK
$13.2B
| $42M | 3.91% |
483,033
-59,188
| -11% | -$4.87M |
|
8
Post Holdings
POST
$4.27B
| $41.6M | 3.87% |
479,620
-30,064
| -6% | -$2.64M |
|
9
ACV Auctions
ACVA
$1.43B
| $39.7M | 3.69% |
2,295,931
-962,892
| -30% | -$14.7M |
|
10
BellRing Brands
BRBR
$1.59B
| $38M | 3.54% |
1,039,431
-273,127
| -21% | -$9.79M |
|
11
Lithia Motors
LAD
$8.17B
| $35.8M | 3.34% |
117,851
-31,887
| -21% | -$7.64M |
|
12
Avantor
AVTR
$8.48B
| $23.1M | 2.15% |
1,124,257
+82,392
| +8% | +$1.67M |
|
13
Axsome Therapeutics
AXSM
$12.1B
| $22.4M | 2.09% |
312,408
+21,636
| +7% | +$1.6M |
|
|
14
Herbalife
HLF
$1.3B
| $20.8M | 1.94% |
1,570,632
+502,868
| +47% | +$6.84M |
|
15
KKR & Co
KKR
$92.2B
| $20.5M | 1.91% |
366,659
-9,531
| -3% | -$499K |
|
|
16
Restaurant Brands International
QSR
$26B
| $19.8M | 1.84% |
255,103
-328,790
| -56% | -$23.7M |
|
17
Hilton Grand Vacations
HGV
$4.14B
| $17.7M | 1.65% |
388,942
-41,413
| -10% | -$1.85M |
|
18
Intercontinental Exchange
ICE
$86.4B
| $15.9M | 1.48% |
140,730
-17,896
| -11% | -$1.94M |
|
|
19
LPL Financial
LPLA
$27.4B
| $15.6M | 1.45% |
71,871
+19,986
| +39% | +$4M |
|
20
Gen Digital
GEN
$16.6B
| $15.6M | 1.45% |
838,387
-106,620
| -11% | -$1.87M |
|
|
BECN
21
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $14.4M | 1.34% |
173,415
-265,134
| -60% | -$17.5M |
|
22
Charles River Laboratories
CRL
$11.6B
| $14.2M | 1.32% |
67,378
+1,309
| +2% | +$260K |
|
23
Wolfspeed
WOLF
$1.14B
| $13.8M | 1.28% |
247,572
-13,283
| -5% | -$677K |
|
|
SRCL
24
DELISTED
Stericycle Inc
SRCL
| $13.7M | 1.28% |
295,294
+17,414
| +6% | +$762K |
|
25
Element Solutions
ESI
$8.89B
| $13.4M | 1.24% |
695,905
-68,789
| -9% | -$1.26M |
|
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Iridian Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Iridian Asset Management held 51 positions worth $1.07B, down 12% from $1.22B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Iridian Asset Management withdrew a net $236M in Q2 2023, closing 1 position and reducing 30 holdings. Its most notable exit was Arch Capital, an estimated $3.2M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Iridian Asset Management opened a new position in Vertiv worth $2.3M.
- Iridian Asset Management's largest Q2 2023 buy was Vertiv: 93,017 shares worth $2.3M.
- Iridian Asset Management added most to Herbalife in Q2 2023, an estimated $6.84M increase.
- Iridian Asset Management's biggest Q2 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $67.7M.
- Iridian Asset Management fully exited Arch Capital in Q2 2023, selling an estimated $3.2M.
- Iridian Asset Management's ten largest holdings make up 62% of its $1.07B portfolio in Q2 2023.
- Iridian Asset Management opened 4 new positions and closed 1 in Q2 2023.
- Iridian Asset Management's portfolio value fell 12% quarter-over-quarter to $1.07B.
Based on Iridian Asset Management's 13F filing for Q2 2023, filed 9 Aug 2023.