Irenic Capital Management LP In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Irenic Capital Management LP reported 16 stock positions worth $364.3 million . Its top holding was Barnes at 26.2% of the portfolio, followed by News Class B (NWS, 25.3% ) and Reservoir Media (RSVR, 9.1% ). Compared with Q4 2023, it opened 5 new positions, sold out of 5, added to 8 and reduced 1. The biggest buy was Barnes (shares +78% ) and the biggest sale an exit from News Class A (NWSA).
Location NEW YORK, NY
CIK 0001929389
Portfolio Value $364.3M (Q1 2024) Holdings 16 stocks · $364.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 BARNES GROUP INC 2,572,142 $95.6M Add +77.8% NWS News Corp. Class B 3,408,019 $92.2M Reduce -34.8% RSVR Reservoir Media Inc. 4,181,252 $33.2M Add +20.8% SHC Sotera Health Co. 2,602,959 $31.3M Add +16.6% AIV Apartment Invt & Mgmt Co. Class A 3,671,789 $30.1M Add +32.0% TBPH Theravance Biopharma Inc. 2,760,948 $24.8M No change DBD Diebold Nixdorf Inc. 509,502 $17.5M Add +3.3% MODN Model N Inc. 534,035 $15.2M New ESGR Enstar Group Ltd. 37,425 $11.6M Add +5.0% CONTEXTLOGIC INC - A 546,343 $3.1M New CCOI Cogent Communications Holdin 40,510 $2.6M Add +474.1% GB Global Blue Group Holding AG 430,885 $2.3M Add +6.2% ATMU Atmus Filtration Technologie 68,619 $2.2M New ALLOVIR INC 2,579,582 $1.9M New PGRU Propertyguru Group Ltd. 100,496 $381K New TLT iShares 20+ Year Treasury BD 3,000 $284K No change
Options reported separately and not counted above: IWM puts ($100.0M).
Other holdings (4): bonds, preferreds, convertibles and warrants · $26.5M (not counted above) Total filed on the 13F, all lines: $390.7M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ NWSA News Corp. Class A Sold out 0.00% −18.47 NWS News Corp. Class B Reduce -34.8% 25.32% −5.60 ENV Envestnet Inc. Sold out 0.00% −3.27 OUT Outfront Media Inc. Sold out 0.00% −2.53 BLND Blend Labs Inc. Class A Sold out 0.00% −0.67 JRVR James River Group Holdings I Sold out 0.00% −0.48
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ BARNES GROUP INC Add +77.8% 26.23% +15.37 MODN Model N Inc. New 4.17% +4.17 RSVR Reservoir Media Inc. Add +20.8% 9.10% +3.43 AIV Apartment Invt & Mgmt Co. Class A Add +32.0% 8.26% +3.25 DBD Diebold Nixdorf Inc. Add +3.3% 4.82% +1.53 CONTEXTLOGIC INC - A New 0.85% +0.85 ESGR Enstar Group Ltd. Add +5.0% 3.19% +0.78 ATMU Atmus Filtration Technologie New 0.61% +0.61 CCOI Cogent Communications Holdin Add +474.1% 0.73% +0.60 ALLOVIR INC New 0.53% +0.53 GB Global Blue Group Holding AG Add +6.2% 0.62% +0.18 PGRU Propertyguru Group Ltd. New 0.10% +0.10 SHC Sotera Health Co. Add +16.6% 8.58% −0.07
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put Add +300.9% 475,500 $100.0M SPY SS SPDR S&P 500 ETF Trust-US put Sold out 40,000 $19.0Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 42 $1.4B SNAP, RAL, ITGR, TFX, SHC Q1 2026 41 $1.1B SNAP, ITGR, TFX, RAL, SHC Q4 2025 42 $723.1M ITGR, SHC, TBPH, ALKT, WK Q3 2025 18 $472.3M SHC, PZZA, RSVR, WK, TBPH Q2 2025 18 $431.8M TGI, AIV, RSVR, SHC, DBD Q1 2025 19 $632.0M ISHARES TR, TGI, RSVR, AIV, SHC Q4 2024 17 $629.1M BARNES GROUP INC, EDR, TGI, RSVR, NWS Q3 2024 14 $539.2M BARNES GROUP INC, NWS, EDR, SHC, FWRD Q2 2024 15 $382.2M BARNES GROUP INC, NWS, RSVR, SHC, AIV Q1 2024 16 $364.3M BARNES GROUP INC, NWS, RSVR, SHC, AIV