IC

Irenic Capital Management LP

High-turnover traderSector-focusedContrarian

Total reported value

$1.5B

Reporting period: 2026-03-31 · Number of holdings: 47

Irenic Capital Management LP disclosed 47 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.5B and a quarterly turnover rate of 124.9%.

Personality snowflake

Concentration
31.83
Portfolio Stability
100
Momentum/Contrarian
0
Sector conviction
100
Diversification
88
Sizing Uniformity
84

Recent moves

  • Add FSLR

    +4019.8%　$55.1M

  • Add RAL

    +424.1%　$55.5M

  • Add SNDA

    +1049.3%　$35.9M

  • Trim ELME

    0.0%　-$29.4M

  • Trim WK

    0.0%　-$14.7M

  • Add WSR

    +292.8%　$16.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 44 holdings (of 47 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1IWMIshares Russell 2000 ETFETF-Small Cap21.10%+21.10%NEW
2SNAPSnap INC - AStock-Comm Services10.71%+10.71%NEW
3ITGRInteger Holdings CORPStock-Healthcare7.24%+0.57%—
4TFXTeleflex INCStock-Healthcare6.78%+6.78%NEW
5RALRalliant CORPStock-Tech4.71%+3.57%+424.10%
6SHCSotera Health CoStock-Other4.07%-0.44%+14.78%
7RSVRReservoir Media INCStock-Other3.94%+0.89%+3.26%
8FSLRFirst Solar INCStock-Tech3.70%+3.58%+4019.84%
9TBPHTheravance Biopharma, Inc.Stock-Other2.92%-0.55%—
10ALKTAlkami Technology INCStock-Other2.73%-0.54%+27.00%
11SNDASonida Senior Living INCStock-Other2.56%+2.33%+1049.35%
12BAND 0.5 04-01-28Bandwidth INCStock-Other2.45%-0.04%—
13QQQInvesco Qqq Trust Series 1ETF-Tech2.43%+2.43%NEW
14DBDDiebold Nixdorf INCStock-Other2.36%-0.58%-25.39%
15CMPCompass Minerals InternationStock-Other2.18%+2.18%NEW
16SPSCSps Commerce INCStock-Tech2.17%-0.54%+32.22%
17WKWorkiva INCStock-Tech2.14%-1.06%—
18FWRDForward Air CORPStock-Other1.34%-0.73%—
19AIVApartment Invt & Mgmt Co -aStock-Other1.33%-0.22%+29.28%
20WSRWhitestone ReitStock-Other1.33%+1.03%+292.76%
21AHRTAh Realty Trust INCStock-Other1.25%+1.25%NEW
22HPEHewlett Packard EnterpriseStock-Tech1.22%+1.22%NEW
23PAR 1 01-15-30Par Technology CORPStock-Other1.13%+1.13%NEW
24NWSNews CORP - Class BStock-Comm Services1.10%-0.08%—
25RYAMRayonier Advanced MaterialsStock-Other0.98%+0.98%NEW
26PKSTPeakstone Realty TrustStock-Other0.92%+0.59%+100.32%
27SITCSite Centers CORPStock-Other0.92%-0.20%—
28JANXJanux Therapeutics INCStock-Other0.69%+0.69%NEW
29CTRICenturi Holdings INCStock-Other0.67%+0.36%+97.09%
30SGRYSurgery Partners INCStock-Other0.55%+0.46%+740.23%
31✓ Safeguard Acquisition CORPStock-Other0.33%——
32✓ General Purp Acquisition CorStock-Other0.33%——
33ADEAAdeia INCStock-Other0.31%+0.31%NEW
34ELMEElme CommunitiesStock-Other0.25%-1.98%—
35BLNDBlend Labs Inc-aStock-Other0.24%-0.40%-29.24%
36✓ Highview Merger CORPStock-Other0.20%—+50.00%
37SAROStandardaero INCStock-Other0.17%+0.12%+299.20%
38SHYIshares 1-3 Year Treasury BoETF-Gov Bonds0.16%——
39QUREuniQure N.V.Stock-Other0.11%+0.11%NEW
40AVIRAtea Pharmaceuticals INCStock-Other0.11%+0.11%NEW
41FATEFate Therapeutics INCStock-Other0.07%+0.07%NEW
42ATKRAtkore INCStock-Other0.05%——
43VORVor Biopharma INCStock-Other0.04%——
44DHDefinitive Healthcare CORPStock-Other———

Holding changes this quarter

Irenic Capital Management LP's most significant position changes for 2026-03-31: Sold out: Ishares Tr; New buy: Ishares Russell 2000 ETF (IWM); New buy: Snap INC - A (SNAP); New buy: Teleflex INC (TFX); Sold out: Hillenbrand INC (9HI).

Position changes disclosed by Irenic Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1FSLRFirst Solar INC+3.6%+4019.84%Add
2RALRalliant CORP+3.6%+424.10%Add
3SNDASonida Senior Living INC+2.3%+1049.35%Add
4WSRWhitestone Reit+1%+292.76%Add
5RSVRReservoir Media INC+0.9%+3.26%Add
6PKSTPeakstone Realty Trust+0.6%+100.32%Add
7ITGRInteger Holdings CORP+0.6%—Unchanged
8SGRYSurgery Partners INC+0.5%+740.23%Add
9CTRICenturi Holdings INC+0.4%+97.09%Add
10SAROStandardaero INC+0.1%+299.20%Add
11BAND 0.5 04-01-28Bandwidth INC0%—Unchanged
12NWSNews CORP - Class B-0.1%—Unchanged
13SITCSite Centers CORP-0.2%—Unchanged
14AIVApartment Invt & Mgmt Co -a-0.2%+29.28%Add
15BLNDBlend Labs Inc-a-0.4%-29.24%Trim
16SHCSotera Health Co-0.4%+14.78%Add
17SPSCSps Commerce INC-0.5%+32.22%Add
18ALKTAlkami Technology INC-0.5%+27.00%Add
19TBPHTheravance Biopharma, Inc.-0.6%—Unchanged
20DBDDiebold Nixdorf INC-0.6%-25.39%Trim
21FWRDForward Air CORP-0.7%—Unchanged
22WKWorkiva INC-1.1%—Unchanged
23ELMEElme Communities-2%—Unchanged
24✓ Ishares Tr—EXITSold out
25IWMIshares Russell 2000 ETF—NEWNew buy
26SNAPSnap INC - A—NEWNew buy
27TFXTeleflex INC—NEWNew buy
289HIHillenbrand INC—EXITSold out
29QQQInvesco Qqq Trust Series 1—NEWNew buy
30CMPCompass Minerals Internation—NEWNew buy
31AHRTAh Realty Trust INC—NEWNew buy
32HPEHewlett Packard Enterprise—NEWNew buy
33PAR 1 01-15-30Par Technology CORP—NEWNew buy
34RYAMRayonier Advanced Materials—NEWNew buy
35ADArray Digital Infrastructure—EXITSold out
36PZZAPapa John's Intl INC—EXITSold out
37TASKTaskus Inc-a—EXITSold out
38JANXJanux Therapeutics INC—NEWNew buy
39CWANClearwater Analytics Holdings, Inc.—EXITSold out
40ADEAAdeia INC—NEWNew buy
41ARRY 1 12-01-28Array Technologies INC—EXITSold out
42MLABMesa Laboratories INC—EXITSold out
43WEAVWeave Communications INC—EXITSold out
44QUREuniQure N.V.—NEWNew buy
45AVIRAtea Pharmaceuticals INC—NEWNew buy
46ICLRICON Public Limited Company—EXITSold out
47COOCooper Cos Inc/the—EXITSold out
48FATEFate Therapeutics INC—NEWNew buy
49AINAlbany Intl Corp-cl A—EXITSold out
50LIONLionsgate Studios CORP—EXITSold out

FAQ

What is Irenic Capital Management LP and what type of investor is it?
Irenic Capital Management LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.5B, spread across 47 disclosed positions.
What are Irenic Capital Management LP's largest equity positions?
Based on the latest 13F filing, Irenic Capital Management LP's top holdings by market value are: 1. Ishares Russell 2000 ETF (IWM) — $323.9M (21.1%) 2. Snap INC - A (SNAP) — $164.5M (10.7%) 3. Integer Holdings CORP (ITGR) — $111.2M (7.2%) 4. Teleflex INC (TFX) — $104.1M (6.8%) 5. Ralliant CORP (RAL) — $72.4M (4.7%)
What changes did Irenic Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, Irenic Capital Management LP made 42 notable position adjustments: 14 new positions were initiated, 13 existing holdings were added to, 2 positions were partially reduced, and 13 were completely exited. The largest of these moves: Sold out: Ishares Tr; New buy: Ishares Russell 2000 ETF (IWM); New buy: Snap INC - A (SNAP); New buy: Teleflex INC (TFX); Sold out: Hillenbrand INC (9HI)
What sectors does Irenic Capital Management LP focus on?
Irenic Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 100.0%