Irenic Capital Management LP
CIK 0001929389
Annualised vol
5.681065%
Beta
0.14416
HHI
730.226169
Top-10 weight
66.340303%
VaR 95%
0.495548%
VaR 99%
1.036145%
Max drawdown
11.912202%
Matched value
54.683692%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| SNAP | REDUCED | 32,116,000 | 35,764,500 | -10.2% | 142,595,040 |
| RAL | UNCHANGED | 1,740,218 | 1,740,218 | 0.0% | 128,132,251 |
| TFX | UNCHANGED | 870,000 | 870,000 | 0.0% | 110,281,200 |
| SHC | ADDED | 5,141,822 | 4,359,348 | 17.95% | 91,267,341 |
| FSLR | ADDED | 349,089 | 288,389 | 21.05% | 82,371,040 |
| SNDA | ADDED | 1,903,621 | 1,219,747 | 56.07% | 77,667,737 |
| RSVR | ADDED | 6,260,176 | 6,181,176 | 1.28% | 61,913,141 |
| ALKT | UNCHANGED | 2,675,151 | 2,675,151 | 0.0% | 48,473,736 |
| TBPH | UNCHANGED | 2,760,948 | 2,760,948 | 0.0% | 46,936,116 |
| CPNG | NEW | 2,484,979 | - | - | 43,164,085 |
| DPC | NEW | 839,816 | - | - | 41,201,373 |
| DBD | REDUCED | 476,523 | 480,557 | -0.84% | 40,513,985 |
| ATKR | ADDED | 507,613 | 13,977 | 3531.77% | 38,598,893 |
| CMP | REDUCED | 1,068,378 | 1,435,529 | -25.58% | 33,258,607 |
| WK | UNCHANGED | 552,010 | 552,010 | 0.0% | 26,778,005 |
| NOK | NEW | 1,730,000 | - | - | 22,974,400 |
| COMP | NEW | 1,796,898 | - | - | 22,155,752 |
| PAR | ADDED | 27,226,000 | 22,226,000 | 22.5% | 21,943,530 |
| ADEA | ADDED | 634,772 | 199,900 | 217.54% | 20,903,042 |
| CTRI | ADDED | 518,705 | 354,771 | 46.21% | 15,685,639 |
| SAC | UNCHANGED | 500,000 | 500,000 | 0.0% | 5,120,000 |
| ANAB | NEW | 70,447 | - | - | 4,755,173 |
| BLND | ADDED | 2,284,101 | 2,204,200 | 3.62% | 3,905,813 |
| HVMC | UNCHANGED | 450,000 | 450,000 | 0.0% | 3,097,500 |
| ELME | UNCHANGED | 1,909,557 | 1,909,557 | 0.0% | 2,826,144 |
| FVR | NEW | 66,608 | - | - | 1,347,480 |
| IACQ | NEW | 65,700 | - | - | 668,169 |
| BAND | CLOSED OUT | 0 | 42,173,000 | -100.0% | 0 |
| FWRD | CLOSED OUT | 0 | 1,229,819 | -100.0% | 0 |
| FATE | CLOSED OUT | 0 | 878,055 | -100.0% | 0 |
| HPE | CLOSED OUT | 0 | 785,000 | -100.0% | 0 |
| JANX | CLOSED OUT | 0 | 765,804 | -100.0% | 0 |
| SGRY | CLOSED OUT | 0 | 711,000 | -100.0% | 0 |
| NWSA | CLOSED OUT | 0 | 593,809 | -100.0% | 0 |
| SARO | CLOSED OUT | 0 | 99,800 | -100.0% | 0 |
| DH | CLOSED OUT | 0 | 58,088 | -100.0% | 0 |
| VOR | CLOSED OUT | 0 | 32,663 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | ISHARES TR | RUSSELL 2000 ETF | 464287655 | 428,261,430 | 20.57 | 1425400.0 | |
| - | INVESCO QQQ TR | UNIT SER 1 | 46090E953 | 173,348,560 | 8.33 | 235400.0 | |
| SNAP | REDUCED | SNAP INC | CL A | 83304A106 | 133,200,000 | 6.4 | 3.0E7 |
| RAL | UNCHANGED | RALLIANT CORP | COM | 750940108 | 128,132,251 | 6.15 | 1740218.0 |
| - | INTEGER HLDGS CORP | COM | 45826H109 | 118,145,004 | 5.67 | 1264259.0 | |
| TFX | UNCHANGED | TELEFLEX INCORPORATED | COM | 879369106 | 110,281,200 | 5.3 | 870000.0 |
| SHC | ADDED | SOTERA HEALTH CO | COM | 83601L102 | 91,267,341 | 4.38 | 5141822.0 |
| SNDA | ADDED | SONIDA SENIOR LIVING INC | COM | 140475203 | 77,667,737 | 3.73 | 1903621.0 |
| RSVR | ADDED | RESERVOIR MEDIA INC | COM | 76119X105 | 61,913,141 | 2.97 | 6260176.0 |
| FSLR | ADDED | FIRST SOLAR INC | COM | 336433107 | 59,013,596 | 2.83 | 250100.0 |
| ALKT | UNCHANGED | ALKAMI TECHNOLOGY INC | COM | 01644J108 | 48,473,736 | 2.33 | 2675151.0 |
| TBPH | UNCHANGED | THERAVANCE BIOPHARMA INC | COM | G8807B106 | 46,936,116 | 2.25 | 2760948.0 |
| CPNG | NEW | COUPANG INC | CL A | 22266T109 | 43,164,085 | 2.07 | 2484979.0 |
| DPC | NEW | DPC HOLDINGS PLC | ORDINARY SHARES | G2R11M108 | 41,201,373 | 1.98 | 839816.0 |
| DBD | REDUCED | DIEBOLD NIXDORF INC | COM SHS | 253651202 | 40,513,985 | 1.95 | 476523.0 |
| ATKR | ADDED | ATKORE INC | COM | 047649108 | 38,598,893 | 1.85 | 507613.0 |
| - | MERIT MED SYS INC | COM | 589889104 | 37,623,121 | 1.81 | 542589.0 | |
| - | SPS COMM INC | COM | 78463M107 | 34,170,738 | 1.64 | 597704.0 | |
| CMP | REDUCED | COMPASS MINERALS INTL INC | COM | 20451N101 | 33,258,607 | 1.6 | 1068378.0 |
| - | SMARTSTOP SELF STORAG REIT I | COMMON STOCK | 83192D402 | 28,489,760 | 1.37 | 876608.0 | |
| WK | UNCHANGED | WORKIVA INC | COM CL A | 98139A105 | 26,778,005 | 1.29 | 552010.0 |
| - | ATLANTA BRAVES HLDGS INC | COM SER C | 047726302 | 26,208,618 | 1.26 | 504983.0 | |
| FSLR | ADDED | FIRST SOLAR INC | COM | 336433107 | 23,357,444 | 1.12 | 98989.0 |
| NOK | NEW | NOKIA CORP | SPONSORED ADR | 654902204 | 22,974,400 | 1.1 | 1730000.0 |
| COMP | NEW | COMPASS INC | CL A | 20464U100 | 22,155,752 | 1.06 | 1796898.0 |
| PAR | ADDED | PAR TECHNOLOGY CORP | NOTE 1.000% 1/1 | 698884AH6 | 21,943,530 | 1.05 | 2.7226E7 |
| ADEA | ADDED | ADEIA INC | COM | 00676P107 | 20,903,042 | 1.0 | 634772.0 |
| - | AH RLTY TR INC | COM | 04208T108 | 20,661,762 | 0.99 | 2918328.0 | |
| CTRI | ADDED | CENTURI HOLDINGS INC | COM SHS | 155923105 | 15,685,639 | 0.75 | 518705.0 |
| - | SPDR S&P 500 ETF TR | TR UNIT | 78462F953 | 13,591,214 | 0.65 | 18200.0 | |
| - | SITE CTRS CORP | COM | 82981J851 | 10,343,351 | 0.5 | 2605378.0 | |
| SNAP | REDUCED | SNAP INC | CL A | 83304A106 | 9,395,040 | 0.45 | 2116000.0 |
| - | SELECT SECTOR SPDR TR | ST STR ENERG ETF | 81369Y506 | 9,294,250 | 0.45 | 175000.0 | |
| - | GDS HLDGS LTD | SPONSORED ADS | 36165L108 | 8,498,490 | 0.41 | 283000.0 | |
| - | NATIONAL HEALTHCARE PPTYS IN | COM CLASS A | 42226B501 | 8,051,537 | 0.39 | 549593.0 | |
| - | WHITESTONE REIT | COM | 966084204 | 7,740,325 | 0.37 | 408245.0 | |
| SAC | UNCHANGED | SAFEGUARD ACQUISITION CORP | UNIT 99/99/9999 | G77676123 | 5,120,000 | 0.25 | 500000.0 |
| - | GENERAL PURP ACQUISITION COR | UNIT 12/03/2030 | G3810N122 | 5,045,000 | 0.24 | 500000.0 | |
| ANAB | NEW | ANAPTYSBIO INC | COM | 032724106 | 4,755,173 | 0.23 | 70447.0 |
| - | APARTMENT INVT & MGMT CO | CL A | 03748R747 | 4,153,426 | 0.2 | 1398460.0 | |
| - | UNITED STS OIL FD LP | UNITS | 91232N207 | 4,097,940 | 0.2 | 38500.0 | |
| BLND | ADDED | BLEND LABS INC | CL A | 09352U108 | 3,905,813 | 0.19 | 2284101.0 |
| - | PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 | 3,314,891 | 0.16 | 3444000.0 | |
| HVMC | UNCHANGED | HIGHVIEW MERGER CORP | ORD SH CL A | G4569C101 | 3,045,000 | 0.15 | 300000.0 |
| ELME | UNCHANGED | ELME COMMUNITIES | SH BEN INT | 939653101 | 2,826,144 | 0.14 | 1909557.0 |
| - | ISHARES TR | 1 3 YR TREAS BD | 464287457 | 2,463,300 | 0.12 | 30000.0 | |
| FVR | NEW | FRONTVIEW REIT INC | COM | 35922N100 | 1,347,480 | 0.06 | 66608.0 |
| IACQ | NEW | IRENIC ACQUISITION CORP | UNIT 04/10/2031 | G4939F115 | 668,169 | 0.03 | 65700.0 |
| HVMC | UNCHANGED | HIGHVIEW MERGER CORP | *W EXP 07/24/203 | G4569C119 | 52,500 | 0.0 | 150000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 2,082,037,909 | 49 | 5.681065 | 0.14416 | 11.912202 |
| 2026-03-31 | 2026-05-18 | 1,535,496,922 | 47 | 6.945415 | 0.175591 | 15.847036 |
| 2025-12-31 | 2026-02-17 | 1,486,794,023 | 46 | 3.057208 | 0.052174 | 6.92314 |
| 2025-09-30 | 2025-11-14 | 954,642,871 | 21 | 4.068668 | 0.066788 | 10.133916 |
| 2025-03-31 | 2025-05-15 | 659,595,188 | 22 | 3.940683 | 0.080859 | 9.320128 |
| 2024-12-31 | 2025-02-14 | 930,960,871 | 25 | 4.009601 | 0.113726 | 7.467315 |