Irenic Capital Management LP

CIK: 0001929389SEC EDGAR →

Portfolio Value

$1.5B

Holdings

46

As of

Q4 2025

New Positions

7

Closed Positions

8

Top 10 Holdings

RankStockSharesValue% of Portfolio
1
AQLTPut

ISHARES TR RUSSELL 2000 ETF

2,940,900$723.9M
48.69%
2

INTEGER HLDGS CORP

1,263,663$99.1M
6.67%
3

SOTERA HEALTH CO

3,798,026$67.0M
4.51%
4

THERAVANCE BIOPHARMA INC

2,760,948$51.7M
3.47%
5

ALKAMI TECHNOLOGY INC

2,106,448$48.6M
3.27%
6

WORKIVA INC

552,010$47.6M
3.20%
7

RESERVOIR MEDIA INC

5,986,176$45.3M
3.05%
8

DIEBOLD NIXDORF INC

644,057$43.7M
2.94%
9

HILLENBRAND INC

1,351,604$42.9M
2.88%
10

SPS COMM INC

452,066$40.3M
2.71%

Quarterly Changes

Top Buys

AQLT↑ Increased
$278.5M
ITGRNEW
$99.1M
ALKTNEW
$48.6M
SPSCNEW
$40.3M
HVMCNEW
$40.0M

Top Sells

PZZA↓ Decreased
$39.2M
SGRY↓ Decreased
$23.2M
GOCLOSED
$17.8M
NSACLOSED
$12.2M
HVMCCLOSED
$3.0M

New Positions (29)

$99.1M · 1.3M shares
$48.6M · 2.1M shares
$40.3M · 452K shares
$40.0M · 150K shares
$23.1M · 3.9M shares
$16.9M · 332K shares
$12.6M · 235K shares
$11.3M · 954K shares
$9.5M · 3.1M shares
$6.0M · 250K shares
$5.0M · 500K shares
GENERAL PURP ACQUISITION COR
$5.0M · 500K shares
$4.8M · 337K shares
$4.5M · 180K shares
$4.5M · 322K shares
$3.5M · 106K shares
$3.0M · 300K shares
$2.0M · 25K shares
$1.8M · 7K shares
$1.7M · 227K shares
$1.5M · 8K shares
$1.2M · 15K shares
$1.0M · 20K shares
$884K · 14K shares
$871K · 95K shares
$717K · 25K shares
$302K · 4K shares
$287K · 60K shares
$46K · 10K shares

Closed Positions (4)

$17.8M · 1.1M shares
$12.2M · 403K shares
$3.0M · 300K shares
$963K · 90K shares

Sector Breakdown

Sector# HoldingsValue%
Unknown5$768.9M50.4%
Healthcare9$225.8M14.8%
Technology9$210.7M13.8%
Industrials5$92.1M6.0%
Real Estate5$82.4M5.4%
Communication Services4$76.4M5.0%
Financial Services4$50.5M3.3%
Consumer Cyclical2$13.5M0.9%
Utilities1$4.5M0.3%
Energy1$1.8M0.1%
Basic Materials1$46K0.0%