Iridian Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Iridian Asset Management LLC reported 44 stock positions worth $318.8 million. Its top holding was Acv Auctions Class A (ACVA) at 8.7% of the portfolio, followed by Herbalife (HLF, 7.5%) and Elevance Health (ELV, 7.1%). Compared with Q4 2024, it opened 3 new positions, sold out of 6, added to 18 and reduced 22. The biggest buy was Herbalife (HLF, shares +11%) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
- Most Recent 13F
- Q2 2026
- Location
- WESTPORT, CT
- CIK
- 0001033427
- Portfolio Value
- $318.8M (Q1 2025)
- SEC Filing
- 0001033427-25-000003 ↗ filed Apr 30, 2025
Holdings Value
Holdings 44 stocks · $318.8M
| ACVA Acv Auctions Inc. Class A | 8.70% | 1,967,332 | $27.7M | Add +77.8% |
| HLF Herbalife Ltd. | 7.51% | 2,775,430 | $24.0M | Add +10.7% |
| ELV Elevance Health Inc. | 7.09% | 51,991 | $22.6M | Reduce -13.6% |
| TNL Travel + Leisure Co. | 6.93% | 477,224 | $22.1M | Reduce -5.3% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 6.34% | 173,674 | $20.2M | Reduce -15.7% |
| RTO Rentokil Initial PLC-SP ADR | 5.95% | 828,361 | $19.0M | Add +13.7% |
| LAD Lithia Motors Inc. | 5.66% | 61,424 | $18.0M | Add +14.1% |
| CCK Crown Holdings Inc. | 5.54% | 197,782 | $17.7M | Reduce -11.0% |
| AXSM Axsome Therapeutics Inc. | 3.89% | 106,312 | $12.4M | Reduce -15.0% |
| GEN Gen Digital Inc. | 3.44% | 413,578 | $11.0M | Reduce -6.3% |
| HGV Hilton Grand Vacations Inc. | 3.40% | 289,601 | $10.8M | Reduce -3.5% |
| CRL Charles River Laboratories | 2.85% | 60,419 | $9.1M | Add +18.6% |
| QSR Restaurant Brands Intern | 2.42% | 115,870 | $7.7M | Add +7.3% |
| LNWO Light & Wonder Inc. | 2.26% | 83,351 | $7.2M | Reduce -16.8% |
| LPLA LPL Financial Holdings Inc. | 2.15% | 20,901 | $6.8M | Reduce -27.7% |
| PGEN Precigen Inc. | 2.14% | 4,585,809 | $6.8M | Reduce -12.5% |
| WBD Warner Bros Discovery Inc. | 1.93% | 572,923 | $6.1M | Add +27.7% |
| KPLT Katapult Holdings Inc. | 1.85% | 576,648 | $5.9M | Add +31.6% |
| ESI Element Solutions Inc. | 1.84% | 259,065 | $5.9M | Add +0.1% |
| BILL Bill Holdings Inc. | 1.58% | 109,849 | $5.0M | Add +104.5% |
| CLVT Clarivate PLC | 1.42% | 1,152,149 | $4.5M | Add +2.8% |
| GTLS Chart Industries Inc. | 1.38% | 30,468 | $4.4M | Reduce -15.1% |
| YOU Clear Secure Inc. Class A | 1.36% | 167,737 | $4.3M | Reduce -6.9% |
| ON On Semiconductor | 1.35% | 105,460 | $4.3M | Add +19.4% |
| CHX Championx Corp. | 1.13% | 120,605 | $3.6M | Reduce -3.4% |
| DBRG Digitalbridge Group Inc. | 1.09% | 393,723 | $3.5M | Add +7.7% |
| FLEX Flex Ltd. | 1.08% | 104,144 | $3.4M | Reduce -29.1% |
| BKR Baker Hughes Co. | 0.97% | 70,026 | $3.1M | Reduce -11.3% |
| WOLF Wolfspeed Inc. | 0.88% | 913,529 | $2.8M | Add +11.9% |
| ICE Intercontinental Exchange Inc. | 0.87% | 16,117 | $2.8M | Reduce -27.9% |
| NVCT Nuvectis Pharma Inc. | 0.78% | 253,972 | $2.5M | New |
| KKR KKR & Co. Inc. | 0.73% | 20,015 | $2.3M | Reduce -3.9% |
| NESR National Energy Services Reu | 0.63% | 273,944 | $2.0M | Add +78.1% |
| AVDL Avadel Pharmaceuticals Ltd. | 0.61% | 249,586 | $2.0M | Add +47.2% |
| TGTX TG Therapeutics Inc. | 0.59% | 47,532 | $1.9M | No change |
| BALL Ball Corp. | 0.38% | 22,971 | $1.2M | New |
| LH Labcorp Holdings Inc. | 0.31% | 4,223 | $983K | Reduce -79.4% |
| BE Bloom Energy Corp. Class A | 0.24% | 39,110 | $769K | Reduce -32.1% |
| GBTC Grayscale Bitcoin Trust ETF | 0.22% | 10,559 | $688K | Reduce -10.8% |
| Z Zillow Group Inc. Class C | 0.13% | 5,816 | $399K | Reduce -5.7% |
| CLNE Clean Energy Fuels Corp. | 0.12% | 247,468 | $384K | Add +69.1% |
| FTRE Fortrea Holdings Inc. | 0.12% | 49,272 | $372K | Add +2.8% |
| BECN Beacon Roofing Supply Inc. | 0.09% | 2,200 | $272K | Reduce -96.3% |
| IBIO Ibio Inc. | 0.07% | 58,205 | $234K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $88K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NESRW National Energy Service-CW23 | *W EXP 06/06/202 | 251,071 | $88K | No change |
Total filed on the 13F, all lines: $318.9M.
Portfolio Sells Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −9.36 |
| IWR iShares Russell Mid-Cap ETF | Sold out | 0.00% | −1.71 |
| BECN Beacon Roofing Supply Inc. | Reduce -96.3% | 0.09% | −1.53 |
| LH Labcorp Holdings Inc. | Reduce -79.4% | 0.31% | −0.94 |
| GTLS Chart Industries Inc. | Reduce -15.1% | 1.38% | −0.44 |
| FLEX Flex Ltd. | Reduce -29.1% | 1.08% | −0.42 |
| LPLA LPL Financial Holdings Inc. | Reduce -27.7% | 2.15% | −0.37 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.28 |
| MOH Molina Healthcare Inc. | Sold out | 0.00% | −0.20 |
| MRCY Mercury Systems Inc. | Sold out | 0.00% | −0.10 |
| BE Bloom Energy Corp. Class A | Reduce -32.1% | 0.24% | −0.10 |
| KKR KKR & Co. Inc. | Reduce -3.9% | 0.73% | −0.09 |
| LNWO Light & Wonder Inc. | Reduce -16.8% | 2.26% | −0.04 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -10.8% | 0.22% | −0.02 |
| ICE Intercontinental Exchange Inc. | Reduce -27.9% | 0.87% | −0.01 |
| AMPS Altus Power Inc. | Sold out | 0.00% | −0.01 |
| Z Zillow Group Inc. Class C | Reduce -5.7% | 0.13% | +0.00 |
| POST Post Holdings Inc. | Reduce -15.7% | 6.34% | +0.06 |
| YOU Clear Secure Inc. Class A | Reduce -6.9% | 1.36% | +0.09 |
| BKR Baker Hughes Co. | Reduce -11.3% | 0.97% | +0.10 |
| TNL Travel + Leisure Co. | Reduce -5.3% | 6.93% | +0.16 |
| CHX Championx Corp. | Reduce -3.4% | 1.13% | +0.22 |
| GEN Gen Digital Inc. | Reduce -6.3% | 3.44% | +0.23 |
| HGV Hilton Grand Vacations Inc. | Reduce -3.5% | 3.40% | +0.29 |
| PGEN Precigen Inc. | Reduce -12.5% | 2.14% | +0.58 |
| CCK Crown Holdings Inc. | Reduce -11.0% | 5.54% | +0.65 |
| AXSM Axsome Therapeutics Inc. | Reduce -15.0% | 3.89% | +1.07 |
| ELV Elevance Health Inc. | Reduce -13.6% | 7.09% | +1.18 |
Portfolio Buys Q4 2024 → Q1 2025
| HLF Herbalife Ltd. | Add +10.7% | 7.51% | +3.05 |
| ACVA Acv Auctions Inc. Class A | Add +77.8% | 8.70% | +2.34 |
| KPLT Katapult Holdings Inc. | Add +31.6% | 1.85% | +1.06 |
| RTO Rentokil Initial PLC-SP ADR | Add +13.7% | 5.95% | +1.04 |
| NVCT Nuvectis Pharma Inc. | New | 0.78% | +0.78 |
| WBD Warner Bros Discovery Inc. | Add +27.7% | 1.93% | +0.67 |
| QSR Restaurant Brands Intern | Add +7.3% | 2.42% | +0.55 |
| LAD Lithia Motors Inc. | Add +14.1% | 5.66% | +0.53 |
| BALL Ball Corp. | New | 0.38% | +0.38 |
| BILL Bill Holdings Inc. | Add +104.5% | 1.58% | +0.37 |
| CRL Charles River Laboratories | Add +18.6% | 2.85% | +0.35 |
| NESR National Energy Services Reu | Add +78.1% | 0.63% | +0.27 |
| AVDL Avadel Pharmaceuticals Ltd. | Add +47.2% | 0.61% | +0.14 |
| ESI Element Solutions Inc. | Add +0.1% | 1.84% | +0.09 |
| IBIO Ibio Inc. | New | 0.07% | +0.07 |
| CLNE Clean Energy Fuels Corp. | Add +69.1% | 0.12% | +0.02 |
| DBRG Digitalbridge Group Inc. | Add +7.7% | 1.09% | −0.01 |
| CLVT Clarivate PLC | Add +2.8% | 1.42% | −0.09 |
| FTRE Fortrea Holdings Inc. | Add +2.8% | 0.12% | −0.12 |
| ON On Semiconductor | Add +19.4% | 1.35% | −0.14 |
| WOLF Wolfspeed Inc. | Add +11.9% | 0.88% | −0.57 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 40 | $291.0M | ACVA, HLF, HGV, PGEN, POST |
| Q1 2026 | 41 | $246.6M | HLF, ACVA, HGV, POST, LAD |
| Q4 2025 | 43 | $271.6M | ACVA, HLF, HGV, POST, LAD |
| Q3 2025 | 43 | $254.1M | HLF, ACVA, TNL, ELV, RTO |
| Q2 2025 | 41 | $288.6M | SPY, TNL, ACVA, HLF, ELV |
| Q1 2025 | 44 | $318.8M | ACVA, HLF, ELV, TNL, POST |
| Q4 2024 | 47 | $375.8M | SPY, TNL, ACVA, POST, ELV |
| Q3 2024 | 53 | $467.1M | SPY, IWM, TNL, ACVA, LAD |
| Q2 2024 | 51 | $443.1M | SPY, IWM, TNL, POST, ACVA |
| Q1 2024 | 55 | $509.6M | SPY, IWM, TNL, ACVA, POST |