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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
-2.99%
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
$494M
AUM Growth
-$581M
(-54%)
Cap. Flow
-$569M
Cap. Flow
% of AUM
-115.2%
Top 10 Holdings %
Top 10 Hldgs %
61.39%
Holding
52
New
2
Increased
4
Reduced
42
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Katapult Holdings
KPLT
|
+$6.33M |
| 2 |
Fortrea Holdings
FTRE
|
+$1.74M |
| 3 |
Clear Secure
YOU
|
+$642K |
| 4 |
Bloom Energy
BE
|
+$209K |
| 5 |
OPAL Fuels
OPAL
|
+$190K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$178M |
| 2 |
Labcorp
LH
|
+$24.8M |
| 3 |
Crown Holdings
CCK
|
+$22.4M |
| 4 |
BellRing Brands
BRBR
|
+$22.3M |
| 5 |
Elevance Health
ELV
|
+$20.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 23.16% |
| 2 | Healthcare | 15.69% |
| 3 | Consumer Staples | 11.62% |
| 4 | Technology | 11.11% |
| 5 | Financials | 4.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $85.5M | 17.31% |
200,000
-400,000
| -67% | -$178M |
|
2
iShares Russell 2000 ETF
IWM
$80.4B
| $35.3M | 7.16% |
200,000
-100,000
| -33% | -$18.8M |
|
3
Travel + Leisure Co
TNL
$4.81B
| $25.3M | 5.13% |
689,253
-452,466
| -40% | -$18.1M |
|
4
Post Holdings
POST
$4.27B
| $24.7M | 5% |
288,129
-191,491
| -40% | -$16.7M |
|
|
5
Elevance Health
ELV
$83.7B
| $23.8M | 4.82% |
54,687
-45,219
| -45% | -$20.5M |
|
6
ACV Auctions
ACVA
$1.43B
| $23.7M | 4.79% |
1,558,912
-737,019
| -32% | -$12M |
|
7
Flex
FLEX
$41.5B
| $23.1M | 4.68% |
1,137,478
-946,058
| -45% | -$19.2M |
|
8
Lithia Motors
LAD
$8.17B
| $20.8M | 4.22% |
70,541
-47,310
| -40% | -$14.4M |
|
|
9
Crown Holdings
CCK
$13.2B
| $20.6M | 4.18% |
233,236
-249,797
| -52% | -$22.4M |
|
|
10
Labcorp
LH
$25.8B
| $20.2M | 4.09% |
100,516
-117,388
| -54% | -$24.8M |
|
|
11
BellRing Brands
BRBR
$1.59B
| $18.9M | 3.82% |
457,786
-581,645
| -56% | -$22.3M |
|
12
Herbalife
HLF
$1.3B
| $13.8M | 2.79% |
985,001
-585,631
| -37% | -$8.86M |
|
13
Restaurant Brands International
QSR
$26B
| $12.3M | 2.5% |
184,980
-70,123
| -27% | -$5.04M |
|
14
Axsome Therapeutics
AXSM
$12.1B
| $10.1M | 2.05% |
145,033
-167,375
| -54% | -$12.5M |
|
|
SRCL
15
DELISTED
Stericycle Inc
SRCL
| $9.68M | 1.96% |
216,481
-78,813
| -27% | -$3.52M |
|
16
Avantor
AVTR
$8.48B
| $8.48M | 1.72% |
402,298
-721,959
| -64% | -$15.4M |
|
17
Gen Digital
GEN
$16.6B
| $7.53M | 1.52% |
425,683
-412,704
| -49% | -$8.05M |
|
18
LPL Financial
LPLA
$27.4B
| $7.1M | 1.44% |
29,882
-41,989
| -58% | -$9.75M |
|
19
Hilton Grand Vacations
HGV
$4.14B
| $6.57M | 1.33% |
161,455
-227,487
| -58% | -$10M |
|
|
20
Katapult Holdings
KPLT
$31.9M
| $6.36M | 1.29% |
621,223
+397,499
| +178% | +$6.33M |
|
21
Intercontinental Exchange
ICE
$86.4B
| $6.12M | 1.24% |
55,623
-85,107
| -60% | -$9.75M |
|
22
Charles River Laboratories
CRL
$11.6B
| $5.75M | 1.16% |
29,339
-38,039
| -56% | -$7.81M |
|
23
DigitalBridge
DBRG
$2.93B
| $5.57M | 1.13% |
316,899
-372,503
| -54% | -$6.15M |
|
24
Element Solutions
ESI
$8.89B
| $5.32M | 1.08% |
271,177
-424,728
| -61% | -$8.43M |
|
|
LNW
25
DELISTED
Light & Wonder
LNW
| $5.04M | 1.02% |
70,647
-111,388
| -61% | -$8.08M |
|
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Iridian Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Iridian Asset Management held 52 positions worth $494M, down 54% from $1.07B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Iridian Asset Management withdrew a net $569M in Q3 2023, closing 2 positions and reducing 42 holdings. Its most notable exit was Univar Solutions Inc., an estimated $777K position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Staples.
Against the trend, Iridian Asset Management opened a new position in Fortrea Holdings worth $1.68M.
- Iridian Asset Management's largest Q3 2023 buy was Fortrea Holdings: 58,674 shares worth $1.68M.
- Iridian Asset Management added most to Katapult Holdings in Q3 2023, an estimated $6.33M increase.
- Iridian Asset Management's biggest Q3 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $178M.
- Iridian Asset Management fully exited Univar Solutions Inc. in Q3 2023, selling an estimated $777K.
- Iridian Asset Management's ten largest holdings make up 61% of its $494M portfolio in Q3 2023.
- Iridian Asset Management opened 2 new positions and closed 2 in Q3 2023.
- Iridian Asset Management's portfolio value fell 54% quarter-over-quarter to $494M.
Based on Iridian Asset Management's 13F filing for Q3 2023, filed 30 Oct 2023.