Irenic Capital Management LP holds a focused book of 43 reported positions worth $1.4B as of Q2 2026 (disclosed Aug 14, 2026, a ~45-day 13F lag). This quarter DPC Holdings PLC first appears in 13F filings (one of 2 new listings in the book), a listing rather than a purchase; they opened Coupang Inc and trimmed Diebold Nixdorf Inc. Their largest long position is Snap Inc - A at 10% of the reported non-option book. They also disclosed $615.2M in put options (a bearish bet) and $77.7M in call options (bullish), shown separately below and excluded from the non-option book. Cloning the disclosed picks since 2023 would be +44% (+10.8%/yr). That is a simulation of the disclosed long book, not audited returns.
The reported book (valued from quarter-end) returned +68.4%, a 24.0-point gap that is the cost of the ~45-day 13F disclosure lag a real follower can't avoid.
Growth of $10,000 cloning Irenic Capital Management LP's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~45 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
Top-heavy: focused book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
98% mapped to company sectors
+3 sectors below the cut, 3% together
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis
Other tracked managers holding the same core names as Irenic Capital Management LP
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| Hill City Capital, LP | 4 / 43 | $1.2B |
| Newtyn Management, LLC | 5 / 43 | $156.7M |
| Dendur Capital LP | 5 / 43 | $212.1M |
| Ewing Morris & Co. Investment Partners Ltd. | 5 / 43 | $18.2M |
| TFC Financial Management, Inc. | 6 / 43 | $84.3M |
| Quent Capital, LLC | 15 / 43 | $78.8M |
| Kerrisdale Advisers, LLC | 6 / 43 | $19.0M |
| Silicon Valley Capital Partners | 6 / 43 | $42.3M |
Ranked by the share of each fund's own book sitting in the names it shares with Irenic Capital Management LP: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.
Bars show each position's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Snap Inc CL A | $133.2M | 30.00M | 9.6% | —Held | |
| 2 | Ralliant Corp COM | $128.1M | 1.74M | 9.2% | —Held | |
| 3 | Integer Hldgs Corp COM | $118.1M | 1.26M | 8.5% | ▲~0% Added · +596 sh | |
| 4 | Teleflex Incorporated COM | $110.3M | 870.0K | 7.9% | —Held | |
| 5 | Sotera Health Co COM | $91.3M | 5.14M | 6.6% | ▲+18% Added · +782K sh | |
| 6 | Sonida Senior Living Inc COM | $77.7M | 1.90M | 5.6% | ▲+56% Added · +684K sh | |
| 7 | Reservoir Media Inc COM | $61.9M | 6.26M | 4.5% | ▲+1.3% Added · +79K sh | |
| 8 | Alkami Technology Inc COM | $48.5M | 2.68M | 3.5% | —Held | |
| 9 | Theravance Biopharma Inc COM | $46.9M | 2.76M | 3.4% | —Held | |
| 10 | Coupang Inc CL A | $43.2M | 2.48M | 3.1% | ▲New New position | |
| 11 | DPC Holdings PLC ORDINARY SHARES | $41.2M | 839.8K | 3.0% | →Listed Newly reportable | |
| 12 | Diebold Nixdorf Inc COM SHS | $40.5M | 476.5K | 2.9% | ▼−0.8% Reduced · −4K sh | |
| 13 | Atkore Inc COM | $38.6M | 507.6K | 2.8% | ▲36× Added · +494K sh | |
| 14 | Merit Med Sys Inc COM | $37.6M | 542.6K | 2.7% | ▲New New position | |
| 15 | SPS Comm Inc COM | $34.2M | 597.7K | 2.5% | —Held | |
| 16 | Compass Minerals Intl Inc COM | $33.3M | 1.07M | 2.4% | ▼−26% Reduced · −367K sh | |
| 17 | Smartstop Self Storag REIT I COMMON STOCK | $28.5M | 876.6K | 2.1% | ▲New New position | |
| 18 | Workiva Inc COM CL A | $26.8M | 552.0K | 1.9% | —Held | |
| 19 | Atlanta Braves Hldgs Inc COM SER C | $26.2M | 505.0K | 1.9% | ▲New New position | |
| 20 | First Solar Inc COM | $23.4M | 99.0K | 1.7% | ▲+36% Added · +26K sh | |
| 21 | Nokia Corp SPONSORED ADR | $23.0M | 1.73M | 1.7% | ▲New New position | |
| 22 | Compass Inc CL A | $22.2M | 1.80M | 1.6% | ▲New New position | |
| 23 | Par Technology Corp NOTE 1.000% 1/1 | $21.9M | 27.23M | 1.6% | ▲+22% Added · +5.0M sh | |
| 24 | Adeia Inc COM | $20.9M | 634.8K | 1.5% | ▲+218% Added · +435K sh | |
| 25 | Ah Rlty TR Inc COM | $20.7M | 2.92M | 1.5% | ▼−16% Reduced · −567K sh | |
| 26 | Centuri Holdings Inc COM SHS | $15.7M | 518.7K | 1.1% | ▲+46% Added · +164K sh | |
| 27 | Site CTRS Corp COM | $10.3M | 2.61M | 0.7% | —Held | |
| 28 | GDS Hldgs Ltd SPONSORED ADS | $8.5M | 283.0K | 0.6% | ▲New New position | |
| 29 | National Healthcare Pptys In COM CLASS A | $8.1M | 549.6K | 0.6% | ▲New New position | |
| 30 | Whitestone REIT COM | $7.7M | 408.2K | 0.6% | ▼−68% Reduced · −857K sh | |
| 31 | Safeguard Acquisition Corp UNIT 99/99/9999 | $5.1M | 500.0K | 0.4% | —Held | |
| 32 | General Purp Acquisition Cor UNIT 12/03/2030 | $5.0M | 500.0K | 0.4% | —Held | |
| 33 | Anaptysbio Inc COM | $4.8M | 70.4K | 0.3% | ▲New New position | |
| 34 | Apartment Invt & Mgmt Co CL A | $4.2M | 1.40M | 0.3% | ▼−72% Reduced · −3.6M sh | |
| 35 | United STS Oil FD LP UNITS | $4.1M | 38.5K | 0.3% | ▲New New position | |
| 36 | Blend Labs Inc CL A | $3.9M | 2.28M | 0.3% | ▲+3.6% Added · +80K sh | |
| 37 | Progress Software Corp NOTE 3.500% 3/0 | $3.3M | 3.44M | 0.2% | ▲New New position | |
| 38 | Highview Merger Corp ORD SH CL A | $3.0M | 300.0K | 0.2% | ▼−33% Reduced · −150K sh | |
| 39 | Elme Communities SH BEN INT | $2.8M | 1.91M | 0.2% | —Held | |
| 40 | Ishares TR 1 3 YR TREAS BD | $2.5M | 30.0K | 0.2% | —Held | |
| 41 | Frontview REIT Inc COM | $1.3M | 66.6K | 0.1% | ▲New New position | |
| 42 | Irenic Acquisition Corp UNIT 04/10/2031 | $668K | 65.7K | <0.1% | →Listed Newly reportable | |
| 43 | Highview Merger Corp *W EXP 07/24/203 | $53K | 150.0K | <0.1% | ▲New New position |
This fund page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
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Use Arkolith to show Irenic Capital Management LP's latest holdings, largest changes, and filing provenance.
Put / call positions from the 13F — totals include every disclosed option leg
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| PUT · bearish | ISHARES RUSSELL 2000 ETFIWM | $428.3M | 1.4M |
| PUT · bearish | INVESCO QQQ TR | $173.3M | 235K |
| CALL · bullish | FIRST SOLAR INCFSLR | $59.0M | 250K |
| PUT · bearish | SPDR S&P 500 ETF TR | $13.6M | 18K |
| CALL · bullish | SNAP INC - ASNAP | $9.4M | 2.1M |
| CALL · bullish | SS ENERGY SELECT SECTORXLE | $9.3M | 175K |
13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above.
As-of date vs the date the SEC received each filing
Reported 13F total per quarter. Raw filing totals can include option notional.
| Quarter | As of | Filed | Lag | Positions | Value | Form |
|---|---|---|---|---|---|---|
| Q2 2026 | Jun 30, 2026 | Aug 14, 2026 | 45d | 49 | $2.1B | 13F-HR |
| Q1 2026 | Mar 31, 2026 | May 18, 2026 | 48d | 47 | $1.5B | 13F-HR |
| Q4 2025 | Dec 31, 2025 | Feb 17, 2026 | 48d | 46 | $1.5B | 13F-HR |
| Q3 2025 | Sep 30, 2025 | Nov 14, 2025 | 45d | 21 | $954.6M | 13F-HR |
| Q2 2025 | Jun 30, 2025 | Aug 14, 2025 | 45d | 22 | $677.6M | 13F-HR |
| Q1 2025 | Mar 31, 2025 | May 15, 2025 | 45d | 22 | $659.6M | 13F-HR |
| Q4 2024 | Dec 31, 2024 | Feb 14, 2025 | 45d | 25 | $931.0M | 13F-HR |
| Q3 2024 | Sep 30, 2024 | Nov 14, 2024 | 45d | 20 | $1.1B | 13F-HR |
| Q2 2024 | Jun 30, 2024 | Aug 14, 2024 | 45d | 21 | $817.3M | 13F-HR |
| Q1 2024 | Mar 31, 2024 | May 14, 2024 | 44d | 21 | $490.7M | 13F-HR |
| Q4 2023 | Dec 31, 2023 | Feb 14, 2024 | 45d | 22 | $504.6M | 13F-HR |
| Q3 2023 | Sep 30, 2023 | Nov 14, 2023 | 45d | 23 | $352.3M | 13F-HR |
| Q2 2023 | Jun 30, 2023 | Aug 14, 2023 | 45d | 15 | $334.9M | 13F-HR |
| Q1 2023 | Mar 31, 2023 | May 15, 2023 | 45d | 19 | $289.9M | 13F-HR |
| Q4 2022 | Dec 31, 2022 | Feb 14, 2023 | 45d | 13 | $208.5M | 13F-HR |
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.