Irenic Capital Management LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Irenic Capital Management LP maintained a portfolio of 50 distinct positions. The most significant new addition to the portfolio was INTEGER HLDGS CORP, which now represents 6.67% of the total fund value. They heavily accumulated shares in ISHARES TR RUSSELL 2, increasing their position by 59.8%. Conversely, Irenic Capital Management LP completely exited their position in GROCERY OUTLET HLDG .
PCA Score Concentration Risk
Risk ENB
Total Positions
50
Quarter
2025 Q4
Top Holding
N/A (48.7%)
Top 10 Concentration
81.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 50
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
N/A
ISHARES TR RUSS...
PUT
PUT Option 48.69% 46.66% #1
Prev: #1
9.0 1,100,100 59.8%
P
S
2,940,900 $723,931,944 13F Filing 2025-12-31 2026-02-14 (Est.)
ITGR
INTEGER HLDGS C...
Healthcare 6.67% #2
Prev: #—
7.7 1,263,663 no change
NEW
1,263,663 $99,109,089 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SHC
SOTERA HEALTH C...
Healthcare 4.51% 5.85% #3 1
Prev: #2
4.8 249,955 7.0%
P
S
3,798,026 $66,997,179 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TBPH
THERAVANCE BIOP...
Healthcare 3.47% 4.22% #4 2
Prev: #6
2.9 no change no change
P
S
2,760,948 $51,657,337 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ALKT
ALKAMI TECHNOLO...
Technology 3.27% #5
Prev: #—
5.3 2,106,448 no change
NEW
2,106,448 $48,595,755 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WK
WORKIVA INC
Technology 3.20% 4.48% #6 1
Prev: #5
3.3 55,000 11.1%
P
S
552,010 $47,610,863 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RSVR
RESERVOIR MEDIA...
Communication Services 3.05% 4.83% #7 3
Prev: #4
3.2 316,505 5.6%
P
S
5,986,176 $45,315,352 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DBD
DIEBOLD NIXDORF...
Technology 2.94% 3.55% #8 1
Prev: #9
3.2 50,596 8.5%
P
S
644,057 $43,725,030 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HI
HILLENBRAND INC
Industrials 2.88% 3.83% #9 2
Prev: #7
2.2 no change no change
P
S
1,351,604 $42,872,879 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SPSC
SPS COMM INC
Technology 2.71% #10
Prev: #—
4.6 452,066 no change
NEW
452,066 $40,292,643 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
BANDWIDTH INC
Bond/Debt 2.49% 3.59% #11 3
Prev: #8
1.5 2,000,000 5.0%
P
S
42,173,000 $36,984,329 13F Filing 2025-12-31 2026-02-14 (Est.)
ELME
ELME COMMUNITIE...
Bond/Debt 2.23% 3.00% #12 1
Prev: #11
2.9 209,684 12.3%
P
S
1,909,557 $33,226,292 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FWRD
FORWARD AIR COR...
Industrials 2.07% 3.30% #13 3
Prev: #10
1.8 no change no change
P
S
1,229,819 $30,745,475 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AIV
APARTMENT INVT ...
Real Estate 1.55% #14
Prev: #—
4.1 3,890,324 no change
NEW
3,890,324 $23,108,525 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NWS
NEWS CORP NEW
Communication Services 1.18% 2.15% #15 1
Prev: #14
1.5 no change no change
P
S
593,809 $17,594,561 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RAL
RALLIANT CORP
Technology 1.14% #16
Prev: #—
4.0 332,042 no change
NEW
332,042 $16,904,258 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SITC
SITE CTRS CORP
Real Estate 1.13% 2.46% #17 4
Prev: #13
1.5 no change no change
P
S
2,605,378 $16,726,527 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
USM
ARRAY DIGITAL I...
Unknown 0.85% #18
Prev: #—
3.8 235,294 no change
NEW
235,294 $12,616,464 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PZZA
PAPA JOHNS INTL...
Consumer Cyclical 0.84% 5.42% #19 16
Prev: #3
0.3 -748,592 -69.7%
P
S
325,108 $12,513,407 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TASK
TASKUS INC
Technology 0.76% #20
Prev: #—
3.8 954,425 no change
NEW
954,425 $11,252,671 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BLND
BLEND LABS INC
Technology 0.64% #21
Prev: #—
3.8 3,114,949 no change
NEW
3,114,949 $9,469,445 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CWAN
CLEARWATER ANAL...
Technology 0.41% #22
Prev: #—
3.7 250,000 no change
NEW
250,000 $6,030,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SAFEGUARD ACQUI...
Unknown 0.34% #23
Prev: #—
3.6 500,000 no change
NEW
500,000 $5,042,500 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
GENERAL PURP AC...
Unknown 0.34% #24
Prev: #—
3.6 500,000 no change
NEW
500,000 $5,005,000 13F Filing 2025-12-31 2026-02-14 (Est.)
PKST
PEAKSTONE REALT...
Real Estate 0.33% #25
Prev: #—
3.6 336,817 no change
NEW
336,817 $4,833,324 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GO
GROCERY OUTLET ...
Consumer Defensive 0.00% 1.86%
Sold All 😨
(Was: #15)
0.0 -1,106,789 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NSA
NATIONAL STORAG...
Real Estate 0.00% 1.28%
Sold All 😨
(Was: #16)
0.0 -402,822 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
HIGHVIEW MERGER...
Unknown 0.00% 0.32%
Sold All 😨
(Was: #17)
0.0 -300,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
JAMF
JAMF HLDG CORP
Technology 0.00% 0.10%
Sold All 😨
(Was: #20)
0.0 -90,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 50 holdings

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