Irenic Capital Management LP

Registered adviser

CIK

1929389

Location

NEW YORK, NY

Portfolio Value

Mid $1,864,715,875

Diversification

Diversified

Filing Date

Global Rank

#1,682 / 8,827 ▲ 101

Top Industry

Software - Application 12.3%

3Y Alpha vs SPY

-13.9%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

15 quarters · since Dec 2022

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 319645

Roster of Nov 1, 2026

Regulatory AUM

$2,398,726,617

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

10 funds · Private equity funds

Focus by fund count, roster of Nov 1, 2026

$2,398,726,617 gross assets

Private funds on Schedule D 7.B.(1)

As filed Apr 29, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$1,039,277,043 gross assets in 5 funds Hedge funds $1,039,277,043 (5)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$2,398,726,617	Pooled investment vehicles (100%)
Dec 2025 to Mar 2026	$1,451,949,429	Pooled investment vehicles (100%)
Apr 2025 to Sep 2025	$1,451,949,429	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$1,039,277,043	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$521,127,790	Pooled investment vehicles (100%)
Apr 2023	$521,127,790	Pooled investment vehicles (100%)

2 earlier changes not shown.

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company	Schedule	Event date	Filed	Shares	% of class	Change	Status
ARI Apollo Commercial Real Estate Finance, Inc.	13G	Oct 30, 2026	1d	8,410,009	6.5%	—	Current
RSVR Reservoir Media, Inc.	13D/A Merger opposition or support	Feb 26, 2026	8mo	6,106,176	9.3%	+45,000 since Jan 30, 2026	Current

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 2 exited, below-5% or retired stakes

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 63.2% of the book (60%+)

Turnover

Medium turnover

81.3% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 4.4 quarters (4 to under 12)

Closest benchmark: the S&P SmallCap 600 as of 2026-06-30, active share 98.3%; sector active share 41.5% against the combined 13F book's sector weights.

Over time 15 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

42 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

23.1%

+1.0 pts

Top 5

49.9%

−2.9 pts

Top 10

69.3%

−1.6 pts

HHI

843

Diversified−18

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Healthcare	26.1%	$486,675,688	7
Unclassified	23.8%	$444,116,920	4
Technology	22.3%	$416,721,497	10
Communication Services	12.4%	$230,716,797	3
Real Estate	5.7%	$105,769,535	9
Industrials	4.3%	$79,800,264	2
Consumer Cyclical	2.3%	$43,164,085	1
Basic Materials	1.8%	$33,258,607	1
Utilities	0.8%	$15,685,639	1
Financial Services	0.5%	$8,806,843	4

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
SHC	Sotera Health Co	+782,474	5,141,822	$91,267,340
SNDA	Sonida Senior Living, Inc.	+683,874	1,903,621	$77,667,736
—		+493,636	507,613	$38,598,892
ADEA	Adeia Inc.	+434,872	634,772	$20,903,041
CTRI	Centuri Holdings, Inc.	+163,934	518,705	$15,685,639
BLND	Blend Labs, Inc.	+79,901	2,284,101	$3,905,812
RSVR	Reservoir Media, Inc.	+79,000	6,260,176	$61,913,140
FSLR	First Solar, Inc.	+26,100	98,989	$23,357,444
ITGR	Integer Holdings Corp	+596	1,264,259	$118,145,003
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
AIV	Apartment Investment & Management Co	−3,631,061	1,398,460	$4,153,426
—		−857,146	408,245	$7,740,325
AHRT	AH Realty Trust, Inc.	−567,315	2,918,328	$20,661,762
CMP	Compass Minerals International Inc	−367,151	1,068,378	$33,258,607
HVMC	Highview Merger Corp.	−150,000	300,000	$3,048,000
DBD	DIEBOLD NIXDORF, Inc	−4,034	476,523	$40,513,985
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
CPNG	Coupang, Inc.	2,484,979	$43,164,085
DPC	DPC Holdings PLC	839,816	$41,201,372
MMSI	Merit Medical Systems Inc	542,589	$37,623,121
SMA	SmartStop Self Storage REIT, Inc.	876,608	$28,489,760
BATRK	Atlanta Braves Holdings, Inc.	504,983	$26,208,617
NOK	Nokia Corp	1,730,000	$22,974,400
COMP	Compass, Inc.	1,796,898	$22,155,752
GDS	GDS Holdings Ltd	283,000	$8,498,490
NHP	National Healthcare Properties, Inc.	549,593	$8,051,537
ANAB	Anaptysbio, Inc	70,447	$4,755,172
USO	United States Oil Fund, LP	38,500	$4,097,940
FVR	FrontView REIT, Inc.	66,608	$1,347,479
IACQ	Irenic Acquisition Corp.	65,700	$656,343
HVMCW	Highview Merger Corp.	150,000	$52,500
No positions match the current search.

Sold Out

Positions the filer fully exited

12 positions

Ticker	Company	Shares	Value
FWRD	Forward Air Corp	1,229,819	$20,550,275
HPE	Hewlett Packard Enterprise Co	785,000	$18,690,850
NWS	News Corp	593,809	$16,929,494
RYAM	Rayonier Advanced Materials Inc.	1,356,166	$15,012,757
—		674,700	$14,094,483
JANX	Janux Therapeutics, Inc.	765,804	$10,644,675
SGRY	Surgery Partners, Inc.	711,000	$8,475,120
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.

Portfolio Positions

Compact Export CSV View 13F filing

42 tracked positions · $1,864,715,875 total · filing declares 49 positions · $2,082,037,909 · as of Jun 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IWM	iShares Russell 2000 ETF PUT	Added	1,425,400	+119,200	$428,261,430	+32.2%	—	—	22.97%
SNAP	Snap Inc CALL + SHARES Communication Services	Reduced	32,116,000	-3,648,500	$142,595,040	−13.3%	2	$5.89	7.65%
RAL	Ralliant Corp Technology	Held	1,740,218	0	$128,132,251	+77.0%	3	$46.99	6.87%
ITGR	Integer Holdings Corp Healthcare	Added	1,264,259	+596	$118,145,003	+6.2%	3	$79.69	6.34%
TFX	Teleflex Inc Healthcare	Held	870,000	0	$110,281,200	+6.0%	2	$110.25	5.91%
SHC	Sotera Health Co Healthcare	Added	5,141,822	+782,474	$91,267,340	+46.0%	15	before history	4.89%
FSLR	First Solar, Inc. CALL + SHARES Technology	Added	349,089	+60,700	$82,371,040	+44.8%	3	$226.86	4.42%
SNDA	Sonida Senior Living, Inc. Healthcare	Added	1,903,621	+683,874	$77,667,736	+97.4%	3	$34.09	4.17%
RSVR	Reservoir Media, Inc. Communication Services	Added	6,260,176	+79,000	$61,913,140	+2.3%	13	$6.85	3.32%
ALKT	Alkami Technology, Inc. Technology	Held	2,675,151	0	$48,473,736	+15.6%	3	$21.29	2.60%
		Held	2,760,948	0	$46,936,116	+4.7%	15	before history	2.52%
CPNG	Coupang, Inc. Consumer Cyclical	NEW	2,484,979	NEW	$43,164,085	NEW	1	$18.05	2.31%
DPC	DPC Holdings PLC Industrials	NEW	839,816	NEW	$41,201,372	NEW	1	unpriced	2.21%
DBD	DIEBOLD NIXDORF, Inc Technology	Reduced	476,523	-4,034	$40,513,985	+11.8%	12	$29.51	2.17%
		Added	507,613	+493,636	$38,598,892	+4587.8%	3	$75.06	2.07%
MMSI	Merit Medical Systems Inc Healthcare	NEW	542,589	NEW	$37,623,121	NEW	1	$65.97	2.02%
SPSC	Sps Commerce Inc Technology	Held	597,704	0	$34,170,737	+2.7%	3	$87.68	1.83%
CMP	Compass Minerals International Inc Basic Materials	Reduced	1,068,378	-367,151	$33,258,607	−0.8%	2	$23.55	1.78%
SMA	SmartStop Self Storage REIT, Inc. Real Estate	NEW	876,608	NEW	$28,489,760	NEW	1	$31.70	1.53%
WK	Workiva Inc Technology	Held	552,010	0	$26,778,005	−18.6%	4	$76.46	1.44%
BATRK	Atlanta Braves Holdings, Inc. Communication Services	NEW	504,983	NEW	$26,208,617	NEW	1	$49.07	1.41%
NOK	Nokia Corp Technology	NEW	1,730,000	NEW	$22,974,400	NEW	1	$12.87	1.23%
COMP	Compass, Inc. Real Estate	NEW	1,796,898	NEW	$22,155,752	NEW	1	$8.33	1.19%
ADEA	Adeia Inc. Technology	Added	634,772	+434,872	$20,903,041	+335.2%	2	$26.60	1.12%
AHRT	AH Realty Trust, Inc. Real Estate	Reduced	2,918,328	-567,315	$20,661,762	+7.8%	2	$6.39	1.11%
CTRI	Centuri Holdings, Inc. Utilities	Added	518,705	+163,934	$15,685,639	+51.4%	3	$27.78	0.84%
SITC	SITE Centers Corp. Real Estate	Held	2,605,378	0	$10,343,350	−26.5%	6	$13.26	0.55%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF CALL	NEW	175,000	NEW	$9,294,250	NEW	—	—	0.50%
GDS	GDS Holdings Ltd Technology	NEW	283,000	NEW	$8,498,490	NEW	1	$38.60	0.46%
NHP	National Healthcare Properties, Inc. Real Estate	NEW	549,593	NEW	$8,051,537	NEW	1	$13.99	0.43%
		Reduced	408,245	-857,146	$7,740,325	−62.1%	3	unpriced	0.42%
GPACU	General Purpose Acquisition Corp. Financial Services	Held	500,000	0	$5,050,000	+0.9%	3	unpriced	0.27%
ANAB	Anaptysbio, Inc Healthcare	NEW	70,447	NEW	$4,755,172	NEW	1	unpriced	0.26%
AIV	Apartment Investment & Management Co Real Estate	Reduced	1,398,460	-3,631,061	$4,153,426	−79.7%	3	$5.82	0.22%
USO	United States Oil Fund, LP	NEW	38,500	NEW	$4,097,940	NEW	1	$131.04	0.22%
BLND	Blend Labs, Inc. Technology	Added	2,284,101	+79,901	$3,905,812	+4.2%	3	$3.13	0.21%
HVMC	Highview Merger Corp. Financial Services	Reduced	300,000	-150,000	$3,048,000	−0.1%	3	$10.02	0.16%
ELMES	Elme Communities Real Estate	Held	1,909,557	0	$2,826,144	−26.4%	4	$16.58	0.15%
SHY	iShares 1-3 Year Treasury Bond ETF	Held	30,000	0	$2,463,300	−0.6%	7	unpriced	0.13%
FVR	FrontView REIT, Inc. Real Estate	NEW	66,608	NEW	$1,347,479	NEW	1	$18.01	0.07%
IACQ	Irenic Acquisition Corp. Financial Services	NEW	65,700	NEW	$656,343	NEW	1	unpriced	0.04%
HVMCW	Highview Merger Corp. Financial Services	NEW	150,000	NEW	$52,500	NEW	1	unpriced	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.