Irenic Capital Management LP

Name: Irenic Capital Management LP 13F holdings, Q3 2024
Creator: Irenic Capital Management LP
Published: 2024-11-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q2 2024Q1 2024

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Irenic Capital Management LP reported 14 stock positions worth $539.2 million. Its top holding was Barnes at 19.3% of the portfolio, followed by News Class B (NWS, 13.5%) and Endeavor Group Hold Class A (EDR, 9.9%). Compared with Q2 2024, it opened 4 new positions, sold out of 5, added to 5 and reduced 2. The biggest buy was a new position in Endeavor Group Hold Class A (EDR) and the biggest sale Apartment Invt & Mgmt Class A (AIV, shares −1%).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001929389
Portfolio Value: $539.2M (Q3 2024)
SEC Filing: 0001929389-24-000011 ↗ filed Nov 14, 2024

Holdings Value

Holdings 14 stocks · $539.2M


BARNES GROUP INC	19.28%	2,572,142	$103.9M	No change
NWS News Corp. Class B	13.48%	2,600,989	$72.7M	No change
EDR Endeavor Group Hold Class A	9.91%	1,871,024	$53.4M	New
SHC Sotera Health Co.	8.64%	2,788,331	$46.6M	Reduce -8.0%
FWRD Forward Air Corp.	8.07%	1,229,719	$43.5M	Add +15.1%
RSVR Reservoir Media Inc.	7.99%	5,312,582	$43.1M	Add +1.9%
TGI Triumph Group Inc.	7.55%	3,158,726	$40.7M	New
AIV Apartment Invt & Mgmt Co. Class A	6.36%	3,793,018	$34.3M	Reduce -0.8%
DH Definitive Healthcare Corp.	5.32%	6,413,185	$28.7M	Add +117.6%
DBD Diebold Nixdorf Inc.	4.74%	572,779	$25.6M	Add +4.2%
TBPH Theravance Biopharma Inc.	4.13%	2,760,948	$22.3M	No change
EQC Equity Commonwealth	3.80%	1,029,642	$20.5M	Add +216.2%
TENB Tenable Holdings Inc.	0.69%	91,571	$3.7M	New
IART Integra Lifesciences Holding	0.04%	11,786	$214K	New

Options reported separately and not counted above: IWM puts ($327.0M), SPY puts ($234.4M), TSM puts ($7.4M).

Other holdings (3): bonds, preferreds, convertibles and warrants · $30.7M (not counted above)

Security	Class	Shares / Principal	Value	Change
BANDWIDTH INC (BAND 0.5 04/01/28)	NOTE 0.500% 4/0 · principal	24,173,000	$18.8M	No change
EVENTBRITE INC (EB 0.75 09/15/26)	NOTE 0.750% 9/1 · principal	7,000,000	$6.0M	No change
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	6,514,000	$5.9M	No change

Total filed on the 13F, all lines: $569.9M.

Portfolio Sells Q2 2024 → Q3 2024


AIV Apartment Invt & Mgmt Co. Class A	Reduce -0.8%	6.36%	−1.93
SHC Sotera Health Co.	Reduce -8.0%	8.64%	−0.78
PGRU Propertyguru Group Ltd.	Sold out	0.00%	−0.57
ZUO Zuora Inc. Class A	Sold out	0.00%	−0.53
HXL Hexcel Corp.	Sold out	0.00%	−0.26
TLT iShares 20+ Year Treasury BD	Sold out	0.00%	−0.07
GB Global Blue Group Holding AG	Sold out	0.00%	−0.04

Portfolio Buys Q2 2024 → Q3 2024


EDR Endeavor Group Hold Class A	New	9.91%	+9.91
TGI Triumph Group Inc.	New	7.55%	+7.55
FWRD Forward Air Corp.	Add +15.1%	8.07%	+2.75
EQC Equity Commonwealth	Add +216.2%	3.80%	+2.15
DH Definitive Healthcare Corp.	Add +117.6%	5.32%	+1.11
TENB Tenable Holdings Inc.	New	0.69%	+0.69
IART Integra Lifesciences Holding	New	0.04%	+0.04
DBD Diebold Nixdorf Inc.	Add +4.2%	4.74%	−0.79
RSVR Reservoir Media Inc.	Add +1.9%	7.99%	−2.79

Options Activity Q2 2024 → Q3 2024


IWM iShares Russell 2000 ETF	put	Reduce -4.5%	1,480,200	$327.0M
SPY SS SPDR S&P 500 ETF Trust-US	put	Add +253.4%	408,500	$234.4M
TSM Taiwan Semiconductor-SP ADR	put	Reduce -73.4%	42,800	$7.4M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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