Irenic Capital Management LP In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Irenic Capital Management LP reported 15 stock positions worth $382.2 million . Its top holding was Barnes at 27.9% of the portfolio, followed by News Class B (NWS, 19.3% ) and Reservoir Media (RSVR, 10.8% ). Compared with Q1 2024, it opened 5 new positions, sold out of 6, added to 5 and reduced 2. The biggest buy was a new position in Forward Air (FWRD) and the biggest sale News Class B (NWS, shares −24% ).
Location NEW YORK, NY
CIK 0001929389
Portfolio Value $382.2M (Q2 2024) Holdings 15 stocks · $382.2M 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 Q1 2024 BARNES GROUP INC 2,572,142 $106.5M No change NWS News Corp. Class B 2,600,989 $73.8M Reduce -23.7% RSVR Reservoir Media Inc. 5,215,553 $41.2M Add +24.7% SHC Sotera Health Co. 3,032,126 $36.0M Add +16.5% AIV Apartment Invt & Mgmt Co. Class A 3,821,789 $31.7M Add +4.1% TBPH Theravance Biopharma Inc. 2,760,948 $23.4M No change DBD Diebold Nixdorf Inc. 549,573 $21.1M Add +7.9% FWRD Forward Air Corp. 1,068,239 $20.3M New DH Definitive Healthcare Corp. 2,946,942 $16.1M New EQC Equity Commonwealth 325,673 $6.3M New PGRU Propertyguru Group Ltd. 450,350 $2.2M Add +348.1% ZUO Zuora Inc. Class A 202,121 $2.0M New HXL Hexcel Corp. 16,150 $1.0M New TLT iShares 20+ Year Treasury BD 3,000 $275K No change GB Global Blue Group Holding AG 31,582 $152K Reduce -92.7%
Options reported separately and not counted above: IWM puts ($314.3M), SPY puts ($62.9M), TSM puts ($27.9M).
Other holdings (3): bonds, preferreds, convertibles and warrants · $29.9M (not counted above) Total filed on the 13F, all lines: $412.1M.
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ NWS News Corp. Class B Reduce -23.7% 19.32% −6.00 MODN Model N Inc. Sold out 0.00% −4.17 ESGR Enstar Group Ltd. Sold out 0.00% −3.19 CONTEXTLOGIC INC - A Sold out 0.00% −0.85 CCOI Cogent Communications Holdin Sold out 0.00% −0.73 ATMU Atmus Filtration Technologie Sold out 0.00% −0.61 GB Global Blue Group Holding AG Reduce -92.7% 0.04% −0.58 ALLOVIR INC Sold out 0.00% −0.53
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ FWRD Forward Air Corp. New 5.32% +5.32 DH Definitive Healthcare Corp. New 4.21% +4.21 RSVR Reservoir Media Inc. Add +24.7% 10.78% +1.68 EQC Equity Commonwealth New 1.65% +1.65 SHC Sotera Health Co. Add +16.5% 9.42% +0.84 DBD Diebold Nixdorf Inc. Add +7.9% 5.53% +0.72 ZUO Zuora Inc. Class A New 0.53% +0.53 PGRU Propertyguru Group Ltd. Add +348.1% 0.57% +0.47 HXL Hexcel Corp. New 0.26% +0.26 AIV Apartment Invt & Mgmt Co. Class A Add +4.1% 8.29% +0.03
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put Add +225.8% 1,549,300 $314.3M SPY SS SPDR S&P 500 ETF Trust-US put New 115,600 $62.9M TSM Taiwan Semiconductor-SP ADR put New 160,800 $27.9M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 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