Irenic Capital Management LP Quant / Systematic

CIK: 0001929389 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value ($000): $659,595 (95.8% shares, 4.2% debt)

Holdings (22)

— ISHARES TR RUSSELL 2000 ETF 30.8%

Value ($000) $203,260 Shares 1,018,900 Est. Cost $199.49 Unrealized —

— TRIUMPH GROUP INC NEW 14.5%

Value ($000) $95,963 Shares 3,787,022 Est. Cost $13.85 Unrealized —

RSVR RESERVOIR MEDIA INC 6.2%

Value ($000) $41,110 Shares 5,388,003 Est. Cost $6.66 Unrealized +17.7%

AIV APARTMENT INVT & MGMT CO 6.2%

Value ($000) $40,772 Shares 4,633,134 Est. Cost $7.98 Unrealized —

SHC SOTERA HEALTH CO 5.5%

Value ($000) $36,347 Shares 3,117,226 Est. Cost $13.01 Unrealized -1.1%

DBD DIEBOLD NIXDORF INC 4.8%

Value ($000) $31,507 Shares 720,658 Est. Cost $26.70 Unrealized +63.2%

— COUCHBASE INC 4.0%

Value ($000) $26,356 Shares 1,673,409 Est. Cost $15.75 Unrealized —

— FORWARD AIR CORP 3.7%

Value ($000) $24,705 Shares 1,229,719 Est. Cost $21.19 Unrealized —

TBPH THERAVANCE BIOPHARMA INC 3.7%

Value ($000) $24,655 Shares 2,760,948 Est. Cost $10.53 Unrealized -11.7%

NWS NEWS CORP NEW 3.4%

Value ($000) $22,535 Shares 742,009 Est. Cost $17.22 Unrealized +82.8%

MAGN MAGNERA CORP 3.3%

Value ($000) $21,989 Shares 1,210,829 Est. Cost $20.20 Unrealized -3.8%

TRS TRIMAS CORP 3.0%

Value ($000) $19,997 Shares 853,484 Est. Cost $23.68 Unrealized 0.0%

— BANDWIDTH INC 2.9%

Value ($000) $19,409 Shares 24,173,000 Est. Cost $0.64 Unrealized —

SITC SITE CTRS CORP 2.9%

Value ($000) $18,911 Shares 1,472,836 Est. Cost $12.84 Unrealized —

BATRK ATLANTA BRAVES HLDGS INC 2.4%

Value ($000) $15,794 Shares 394,760 Est. Cost $39.01 Unrealized 0.0%

— UNITY SOFTWARE INC 0.9%

Value ($000) $6,026 Shares 6,514,000 Est. Cost $0.86 Unrealized —

ACHC ACADIA HEALTHCARE COMPANY IN 0.6%

Value ($000) $4,060 Shares 133,907 Est. Cost $45.11 Unrealized -15.5%

SHY ISHARES TR 0.4%

Value ($000) $2,482 Shares 30,000 Est. Cost $82.58 Unrealized —

— ARRAY TECHNOLOGIES INC 0.3%

Value ($000) $2,208 Shares 3,000,000 Est. Cost $0.74 Unrealized —

BLND BLEND LABS INC 0.1%

Value ($000) $954 Shares 284,854 Est. Cost $3.63 Unrealized 0.0%

FUN SIX FLAGS ENTERTAINMENT CORP 0.1%

Value ($000) $494 Shares 13,848 Est. Cost $42.55 Unrealized 0.0%

GSM FERROGLOBE PLC 0.0%

Value ($000) $60 Shares 16,263 Est. Cost $3.81 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES TR RUSSELL 2000 ETF	1,018,900	$203,260	30.8%	$199.49	—	PUT	464287955
—	TRIUMPH GROUP INC NEW	3,787,022	$95,963	14.5%	$13.85	—	COM	896818101
RSVR	RESERVOIR MEDIA INC	5,388,003	$41,110	6.2%	$6.66	+17.7%	COM	76119X105
AIV	APARTMENT INVT & MGMT CO	4,633,134	$40,772	6.2%	$7.98	—	CL A	03748R747
SHC	SOTERA HEALTH CO	3,117,226	$36,347	5.5%	$13.01	-1.1%	COM	83601L102
DBD	DIEBOLD NIXDORF INC	720,658	$31,507	4.8%	$26.70	+63.2%	COM SHS	253651202
—	COUCHBASE INC	1,673,409	$26,356	4.0%	$15.75	—	COM	22207T101
—	FORWARD AIR CORP	1,229,719	$24,705	3.7%	$21.19	—	COM	349853101
TBPH	THERAVANCE BIOPHARMA INC	2,760,948	$24,655	3.7%	$10.53	-11.7%	COM	G8807B106
NWS	NEWS CORP NEW	742,009	$22,535	3.4%	$17.22	+82.8%	CL B	65249B208
MAGN	MAGNERA CORP	1,210,829	$21,989	3.3%	$20.20	-3.8%	COM SHS	55939A107
TRS	TRIMAS CORP	853,484	$19,997	3.0%	$23.68	0.0%	COM NEW	896215209
—	BANDWIDTH INC	24,173,000	$19,409	2.9%	$0.64	—	NOTE 0.500% 4/0	05988JAD5
SITC	SITE CTRS CORP	1,472,836	$18,911	2.9%	$12.84	—	COM	82981J851
BATRK	ATLANTA BRAVES HLDGS INC	394,760	$15,794	2.4%	$39.01	0.0%	COM SER C	047726302
—	UNITY SOFTWARE INC	6,514,000	$6,026	0.9%	$0.86	—	NOTE 11/1	91332UAB7
ACHC	ACADIA HEALTHCARE COMPANY IN	133,907	$4,060	0.6%	$45.11	-15.5%	COM	00404A109
SHY	ISHARES TR	30,000	$2,482	0.4%	$82.58	—	1 3 YR TREAS BD	464287457
—	ARRAY TECHNOLOGIES INC	3,000,000	$2,208	0.3%	$0.74	—	NOTE 1.000%12/0	04271TAB6
BLND	BLEND LABS INC	284,854	$954	0.1%	$3.63	0.0%	CL A	09352U108
FUN	SIX FLAGS ENTERTAINMENT CORP	13,848	$494	0.1%	$42.55	0.0%	COM	83001C108
GSM	FERROGLOBE PLC	16,263	$60	0.0%	$3.81	0.0%	SHS	G33856108