Q3 2025 · 13F-HR
Irenic Capital Management LPholdings as filed
Filed 2025-11-14 · accession 0001929389-25-000008
$954.6M
Reported value
21
Positions
2025-09-30
Period end
The Brief · Irenic Capital Management LP · Q3 2025
AI · grounded in 13F
Irenic Capital Management LP closed its position in TG7 for a reduction of $60.5M. The fund established new positions in PZZA for $51.7M and WK for $42.8M. Additionally, the fund exited its holdings in AIV and TRS.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287955 | — | ISHARES TR RUSSELL 2000 ETF | $445.4M | 46.7% | 1,840,800 | PUT | SOLE |
| 83601L102 | SHC | SOTERA HEALTH CO | $55.8M | 5.85% | 3,548,071 | Common | SOLE |
| 698813102 | PZZA | PAPA JOHNS INTL INC | $51.7M | 5.42% | 1,073,700 | Common | SOLE |
| 76119X105 | RSVR | RESERVOIR MEDIA INC | $46.2M | 4.83% | 5,669,671 | Common | SOLE |
| 98139A105 | WK | WORKIVA INC | $42.8M | 4.48% | 497,010 | Common | SOLE |
| G8807B106 | TBPH | THERAVANCE BIOPHARMA INC | $40.3M | 4.22% | 2,760,948 | Common | SOLE |
| 431571108 | 9HI | HILLENBRAND INC | $36.5M | 3.83% | 1,351,604 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | BANDWIDTH INC | $34.3M | 3.59% | 40,173,000 | Common | SOLE |
| 253651202 | DBD | DIEBOLD NIXDORF INC | $33.8M | 3.55% | 593,461 | Common | SOLE |
| 34986A104 | FWRD | FORWARD AIR CORP | $31.5M | 3.30% | 1,229,819 | Common | SOLE |
| 939653101 | ELME | ELME COMMUNITIES | $28.7M | 3.00% | 1,699,873 | Common | SOLE |
| 86881A100 | SGRY | SURGERY PARTNERS INC | $24.5M | 2.57% | 1,132,203 | Common | SOLE |
| 82981J851 | SITC | SITE CTRS CORP | $23.5M | 2.46% | 2,605,378 | Common | SOLE |
| 65249B208 | NWS | NEWS CORP NEW | $20.5M | 2.15% | 593,809 | Common | SOLE |
| 39874R101 | GO | GROCERY OUTLET HLDG CORP | $17.8M | 1.86% | 1,106,789 | Common | SOLE |
| 637870106 | NSA | NATIONAL STORAGE AFFILIATES | $12.2M | 1.28% | 402,822 | Common | SOLE |
| G4569C127 | HVMCU | HIGHVIEW MERGER CORP | $3.0M | 0.32% | 300,000 | Common | SOLE |
| 04271TAB6 | ARRY 1 12/01/28 | ARRAY TECHNOLOGIES INC | $2.6M | 0.27% | 3,000,000 | Common | SOLE |
| 464287457 | SHY | ISHARES TR | $2.5M | 0.26% | 30,000 | Common | SOLE |
| 47074L105 | JAMF | JAMF HLDG CORP | $963,000 | 0.10% | 90,000 | Common | SOLE |
| 56600D107 | MRVI | MARAVAI LIFESCIENCES HLDGS I | $59,317 | 0.01% | 20,668 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.