Irenic Capital Management LP

CIK

1929389

Location

NEW YORK, NY

Portfolio Value

Mid $1,128,641,553

Diversification

Diversified

Filing Date

Global Rank

#1,388 / 8,232 ▲ 733

Top Industry

Internet Content & Information 15.1%

3Y Alpha vs SPY

-9.1%

Period ended 2 months ago

Filed May 18, 2026 · 27d

14 quarters · since Dec 2022

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+39.3%

SPY

+76.3%

Annualised alpha

-9.1%

Max drawdown

−23.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

37 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.6%

−0.7 pts

Top 5

45.6%

−2.7 pts

Top 10

67.2%

−10.9 pts

HHI

633

Diversified−101

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	34.2%	$386,008,876	12
Technology	26.7%	$300,868,240	9
Communication Services	19.9%	$225,030,413	2
Real Estate	8.2%	$92,078,983	6
Basic Materials	4.3%	$48,532,359	2
Unclassified	3.3%	$37,285,828	1
Industrials	2.1%	$23,951,494	3
Utilities	0.9%	$10,362,860	1
Financial Services	0.4%	$4,522,500	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
RAL	Ralliant Corp	+1,408,176	1,740,218	$72,375,666
AIV	Apartment Investment & Management Co	+1,139,197	5,029,521	$20,470,150
SNDA	Sonida Senior Living, Inc.	+1,113,622	1,219,747	$39,336,840
WSR	Whitestone REIT	+943,215	1,265,391	$20,436,064
SGRY	Surgery Partners, Inc.	+626,380	711,000	$8,475,120
ALKT	Alkami Technology, Inc.	+568,703	2,675,151	$41,919,616
SHC	Sotera Health Co	+561,322	4,359,348	$62,513,050
PKST	Peakstone Realty Trust	+337,883	674,700	$14,094,483
FSLR	First Solar, Inc.	+281,389	288,389	$56,887,614
RSVR	Reservoir Media, Inc.	+195,000	6,181,176	$60,513,713
CTRI	Centuri Holdings, Inc.	+174,771	354,771	$10,362,860
HVMC	Highview Merger Corp.	+150,000	450,000	$4,522,500
SPSC	Sps Commerce Inc	+145,638	597,704	$33,274,181
SARO	StandardAero, Inc.	+74,800	99,800	$2,577,834
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
BLND	Blend Labs, Inc.	−910,749	2,204,200	$3,747,140
DBD	DIEBOLD NIXDORF, Inc	−163,500	480,557	$36,253,220
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
SNAP	Snap Inc	35,764,500	$164,516,700
TFX	Teleflex Inc	870,000	$104,060,700
QQQ	Invesco Qqq Trust, Series 1	64,600	$37,285,828
CMP	Compass Minerals International Inc	1,435,529	$33,519,602
AHRT	AH Realty Trust, Inc.	3,485,643	$19,171,036
HPE	Hewlett Packard Enterprise Co	785,000	$18,690,850
RYAM	Rayonier Advanced Materials Inc.	1,356,166	$15,012,757
JANX	Janux Therapeutics, Inc.	765,804	$10,644,675
ADEA	Adeia Inc.	199,900	$4,803,597
QURE	uniQure N.V.	100,000	$1,635,000
AVIR	Atea Pharmaceuticals, Inc.	301,699	$1,623,140
FATE	Fate Therapeutics Inc	878,055	$1,053,666
VOR	Vor Biopharma Inc.	32,663	$582,707
DH	Definitive Healthcare Corp.	58,088	$71,448
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
AD	Array Digital Infrastructure, Inc.	235,294	$12,616,464
PZZA	Papa Johns International Inc	325,108	$12,513,406
TASK	TaskUs, Inc.	954,425	$11,252,670
CWAN	Clearwater Analytics Holdings, Inc.	250,000	$6,030,000
MLAB	Mesa Laboratories Inc /Co/	25,000	$1,962,500
WEAV	Weave Communications, Inc.	226,731	$1,720,888
ICLR	Icon PLC	8,000	$1,457,760
COO	Cooper Companies, Inc.	15,000	$1,229,400
AIN	Albany International Corp /De/	20,000	$1,014,000
LION	Lionsgate Studios Corp.	95,400	$871,002
HSIC	Henry Schein Inc	4,000	$302,320
ABUS	Arbutus Biopharma Corp	59,853	$287,892
MRVI	Maravai Lifesciences Holdings, Inc.	80,668	$262,171
GSM	Ferroglobe PLC	10,000	$46,400
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

37 positions · $1,128,641,553 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SNAP	Snap Inc Communication Services	NEW	35,764,500	NEW	$164,516,700	NEW	14.58%
ITGR	Integer Holdings Corp Healthcare	Held	1,263,663	0	$111,202,344	+12.2%	9.85%
TFX	Teleflex Inc Healthcare	NEW	870,000	NEW	$104,060,700	NEW	9.22%
RAL	Ralliant Corp Technology	Added	1,740,218	+1,408,176	$72,375,666	+328.2%	6.41%
SHC	Sotera Health Co Healthcare	Added	4,359,348	+561,322	$62,513,050	−6.7%	5.54%
RSVR	Reservoir Media, Inc. Communication Services	Added	6,181,176	+195,000	$60,513,713	+33.5%	5.36%
FSLR	First Solar, Inc. Technology	Added	288,389	+281,389	$56,887,614	+3011.0%	5.04%
TBPH	Theravance Biopharma, Inc. Healthcare	Held	2,760,948	0	$44,810,186	−13.3%	3.97%
ALKT	Alkami Technology, Inc. Technology	Added	2,675,151	+568,703	$41,919,616	−13.7%	3.71%
SNDA	Sonida Senior Living, Inc. Healthcare	Added	1,219,747	+1,113,622	$39,336,840	+1036.7%	3.49%
QQQ	Invesco Qqq Trust, Series 1	NEW	64,600	NEW	$37,285,828	NEW	3.30%
DBD	DIEBOLD NIXDORF, Inc Technology	Reduced	480,557	-163,500	$36,253,220	−17.1%	3.21%
CMP	Compass Minerals International Inc Basic Materials	NEW	1,435,529	NEW	$33,519,602	NEW	2.97%
SPSC	Sps Commerce Inc Technology	Added	597,704	+145,638	$33,274,181	−17.4%	2.95%
WK	Workiva Inc Technology	Held	552,010	0	$32,916,356	−30.9%	2.92%
FWRD	Forward Air Corp Industrials	Held	1,229,819	0	$20,550,275	−33.2%	1.82%
AIV	Apartment Investment & Management Co Real Estate	Added	5,029,521	+1,139,197	$20,470,150	−11.4%	1.81%
WSR	Whitestone REIT Real Estate	Added	1,265,391	+943,215	$20,436,064	+356.7%	1.81%
AHRT	AH Realty Trust, Inc. Real Estate	NEW	3,485,643	NEW	$19,171,036	NEW	1.70%
HPE	Hewlett Packard Enterprise Co Technology	NEW	785,000	NEW	$18,690,850	NEW	1.66%
RYAM	Rayonier Advanced Materials Inc. Basic Materials	NEW	1,356,166	NEW	$15,012,757	NEW	1.33%
PKST	Peakstone Realty Trust Real Estate	Added	674,700	+337,883	$14,094,483	+191.6%	1.25%
SITC	SITE Centers Corp. Real Estate	Held	2,605,378	0	$14,069,041	−15.9%	1.25%
JANX	Janux Therapeutics, Inc. Healthcare	NEW	765,804	NEW	$10,644,675	NEW	0.94%
CTRI	Centuri Holdings, Inc. Utilities	Added	354,771	+174,771	$10,362,860	+128.0%	0.92%
SGRY	Surgery Partners, Inc. Healthcare	Added	711,000	+626,380	$8,475,120	+548.3%	0.75%
ADEA	Adeia Inc. Technology	NEW	199,900	NEW	$4,803,597	NEW	0.43%
HVMC	Highview Merger Corp. Financial Services	Added	450,000	+150,000	$4,522,500	+50.7%	0.40%
ELME	Elme Communities Real Estate	Held	1,909,557	0	$3,838,209	−88.4%	0.34%
BLND	Blend Labs, Inc. Technology	Reduced	2,204,200	-910,749	$3,747,140	−60.4%	0.33%
SARO	StandardAero, Inc. Industrials	Added	99,800	+74,800	$2,577,834	+259.5%	0.23%
QURE	uniQure N.V. Healthcare	NEW	100,000	NEW	$1,635,000	NEW	0.14%
AVIR	Atea Pharmaceuticals, Inc. Healthcare	NEW	301,699	NEW	$1,623,140	NEW	0.14%
FATE	Fate Therapeutics Inc Healthcare	NEW	878,055	NEW	$1,053,666	NEW	0.09%
ATKR	Atkore Inc. Industrials	Held	13,977	0	$823,385	−6.9%	0.07%
VOR	Vor Biopharma Inc. Healthcare	NEW	32,663	NEW	$582,707	NEW	0.05%
DH	Definitive Healthcare Corp. Healthcare	NEW	58,088	NEW	$71,448	NEW	0.01%