Institutional
Irenic Capital Management LP
CIK 0001929389
$1.54B
Reported AUM
44
Positions
Q1 2026
Period
2026-05-18
Filed
The Brief · Irenic Capital Management LP · Q1 2026
AI · grounded in 13F
Irenic Capital Management LP closed its position in ISHARES TR RUSSELL 2000 ETF, reducing exposure by $723.9M. The fund offset this by opening a new position in IWM worth $323.9M. Other new entries include SNAP INC at $164.5M and TFX at $104.1M. The fund also exited positions in HILLENBRAND INC and AD.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Ticker | Issuer | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|
| 1 | IWM | ISHARES TR | $323.9M | 21.10% | +1,306,200 | NEW |
| 2 | SNAP | SNAP INC | $164.5M | 10.71% | +35,764,500 | NEW |
| 3 | ITGR | INTEGER HLDGS CORP | $111.2M | 7.24% | — | HELD |
| 4 | TFX | TELEFLEX INCORPORATED | $104.1M | 6.78% | +870,000 | NEW |
| 5 | RAL | RALLIANT CORP | $72.4M | 4.71% | +1,408,176 | +424.1% |
| 6 | SHC | SOTERA HEALTH CO | $62.5M | 4.07% | +561,322 | +14.8% |
| 7 | RSVR | RESERVOIR MEDIA INC | $60.5M | 3.94% | +195,000 | +3.3% |
| 8 | FSLR | FIRST SOLAR INC | $56.9M | 3.70% | +281,389 | +4019.8% |
| 9 | TBPH | THERAVANCE BIOPHARMA INC | $44.8M | 2.92% | — | HELD |
| 10 | ALKT | ALKAMI TECHNOLOGY INC | $41.9M | 2.73% | +568,703 | +27.0% |
| 11 | SNDA | SONIDA SENIOR LIVING INC | $39.3M | 2.56% | +1,113,622 | +1049.3% |
| 12 | BAND 0.5 04/01/28 | BANDWIDTH INC | $37.6M | 2.45% | — | HELD |
| 13 | QQQ | INVESCO QQQ TR | $37.3M | 2.43% | +64,600 | NEW |
| 14 | DBD | DIEBOLD NIXDORF INC | $36.3M | 2.36% | -163,500 | -25.4% |
| 15 | CMP | COMPASS MINERALS INTL INC | $33.5M | 2.18% | +1,435,529 | NEW |
| 16 | SPSC | SPS COMM INC | $33.3M | 2.17% | +145,638 | +32.2% |
| 17 | WK | WORKIVA INC | $32.9M | 2.14% | — | HELD |
| 18 | FWRD | FORWARD AIR CORP | $20.6M | 1.34% | — | HELD |
| 19 | AIV | APARTMENT INVT & MGMT CO | $20.5M | 1.33% | +1,139,197 | +29.3% |
| 20 | WSR | WHITESTONE REIT | $20.4M | 1.33% | +943,215 | +292.8% |
| 21 | AHRT | AH RLTY TR INC | $19.2M | 1.25% | +3,485,643 | NEW |
| 22 | HPE | HEWLETT PACKARD ENTERPRISE C | $18.7M | 1.22% | +785,000 | NEW |
| 23 | PAR 1 01/15/30 | PAR TECHNOLOGY CORP | $17.3M | 1.13% | +22,226,000 | NEW |
| 24 | NWS | NEWS CORP NEW | $16.9M | 1.10% | — | HELD |
| 25 | RYAM | RAYONIER ADVANCED MATLS INC | $15.0M | 0.98% | +1,356,166 | NEW |
| 26 | PKST | PEAKSTONE REALTY TRUST | $14.1M | 0.92% | +337,883 | +100.3% |
| 27 | SITC | SITE CTRS CORP | $14.1M | 0.92% | — | HELD |
| 28 | JANX | JANUX THERAPEUTICS INC | $10.6M | 0.69% | +765,804 | NEW |
| 29 | CTRI | CENTURI HOLDINGS INC | $10.4M | 0.67% | +174,771 | +97.1% |
| 30 | SGRY | SURGERY PARTNERS INC | $8.5M | 0.55% | +626,380 | +740.2% |
| 31 | SAC/U | SAFEGUARD ACQUISITION CORP | $5.1M | 0.33% | — | HELD |
| 32 | GPACU | GENERAL PURP ACQUISITION COR | $5.0M | 0.33% | — | HELD |
| 33 | ADEA | ADEIA INC | $4.8M | 0.31% | +199,900 | NEW |
| 34 | ELME | ELME COMMUNITIES | $3.8M | 0.25% | — | HELD |
| 35 | BLND | BLEND LABS INC | $3.7M | 0.24% | -910,749 | -29.2% |
| 36 | HVMC | HIGHVIEW MERGER CORP | $3.1M | 0.20% | +150,000 | +50.0% |
| 37 | SARO | STANDARDAERO INC | $2.6M | 0.17% | +74,800 | +299.2% |
| 38 | SHY | ISHARES TR | $2.5M | 0.16% | — | HELD |
| 39 | QURE | UNIQURE NV | $1.6M | 0.11% | +100,000 | NEW |
| 40 | AVIR | ATEA PHARMACEUTICALS IN | $1.6M | 0.11% | +301,699 | NEW |
| 41 | FATE | FATE THERAPEUTICS INC | $1.1M | 0.07% | +878,055 | NEW |
| 42 | ATKR | ATKORE INC | $823K | 0.05% | — | HELD |
| 43 | VOR | VOR BIOPHARMA INC | $583K | 0.04% | +32,663 | NEW |
| 44 | DH | DEFINITIVE HEALTHCARE CORP | $71K | 0.00% | +58,088 | NEW |
| 45 | — | ISHARES TR RUSSELL 2000 ETF | — | — | -2,940,900 | EXITED |
| 46 | 9HI | HILLENBRAND INC | — | — | -1,351,604 | EXITED |
| 47 | AD | ARRAY DIGITAL INFRASTRUCTURE | — | — | -235,294 | EXITED |
| 48 | PZZA | PAPA JOHNS INTL INC | — | — | -325,108 | EXITED |
| 49 | TASK | TASKUS INC | — | — | -954,425 | EXITED |
| 50 | CWAN | CLEARWATER ANALYTICS HLDGS I | — | — | -250,000 | EXITED |
| 51 | ARRY 1 12/01/28 | ARRAY TECHNOLOGIES INC | — | — | -3,000,000 | EXITED |
| 52 | MLAB | MESA LABS INC | — | — | -25,000 | EXITED |
| 53 | WEAV | WEAVE COMMUNICATIONS INC | — | — | -226,731 | EXITED |
| 54 | ICLR | ICON PLC | — | — | -8,000 | EXITED |
| 55 | COO | COOPER COS INC | — | — | -15,000 | EXITED |
| 56 | AIN | ALBANY INTL CORP | — | — | -20,000 | EXITED |
| 57 | LION | LIONSGATE STUDIOS CORP | — | — | -95,400 | EXITED |
| 58 | HSIC | HENRY SCHEIN INC | — | — | -4,000 | EXITED |
| 59 | ABUS | ARBUTUS BIOPHARMA CORP | — | — | -59,853 | EXITED |
| 60 | MRVI | MARAVAI LIFESCIENCES HLDGS I | — | — | -80,668 | EXITED |
| 61 | GSM | FERROGLOBE PLC | — | — | -10,000 | EXITED |
| 62 | HVMCW | HIGHVIEW MERGER CORP | — | — | -150,000 | EXITED |
Source: SEC EDGAR · accession 0001929389-26-000005. 13F discloses long positions only — shorts, foreign equities, and options are excluded.