Iridian Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Iridian Asset Management LLC reported 41 stock positions worth $288.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.6% of the portfolio, followed by Travel + Leisure (TNL, 7.8%) and Acv Auctions Class A (ACVA, 6.9%). Compared with Q1 2025, it opened 1 new position, sold out of 4, added to 7 and reduced 29. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale Crown (CCK, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- WESTPORT, CT
- CIK
- 0001033427
- Portfolio Value
- $288.6M (Q2 2025)
- SEC Filing
- 0001033427-25-000012 ↗ filed Aug 14, 2025
Holdings Value
Holdings 41 stocks · $288.6M
| SPY SS SPDR S&P 500 ETF Trust-US | 8.56% | 40,000 | $24.7M | New |
| TNL Travel + Leisure Co. | 7.84% | 438,650 | $22.6M | Reduce -8.1% |
| ACVA Acv Auctions Inc. Class A | 6.92% | 1,231,493 | $20.0M | Reduce -37.4% |
| HLF Herbalife Ltd. | 6.66% | 2,228,259 | $19.2M | Reduce -19.7% |
| ELV Elevance Health Inc. | 6.28% | 46,622 | $18.1M | Reduce -10.3% |
| LAD Lithia Motors Inc. | 6.25% | 53,371 | $18.0M | Reduce -13.1% |
| RTO Rentokil Initial PLC-SP ADR | 5.80% | 697,212 | $16.7M | Reduce -15.8% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 5.29% | 139,955 | $15.3M | Reduce -19.4% |
| AXSM Axsome Therapeutics Inc. | 3.32% | 91,761 | $9.6M | Reduce -13.7% |
| LNWO Light & Wonder Inc. | 2.97% | 89,167 | $8.6M | Add +7.0% |
| CCK Crown Holdings Inc. | 2.95% | 82,664 | $8.5M | Reduce -58.2% |
| HGV Hilton Grand Vacations Inc. | 2.86% | 198,602 | $8.2M | Reduce -31.4% |
| CRL Charles River Laboratories | 2.50% | 47,566 | $7.2M | Reduce -21.3% |
| GEN Gen Digital Inc. | 2.36% | 231,511 | $6.8M | Reduce -44.0% |
| BILL Bill Holdings Inc. | 2.32% | 144,427 | $6.7M | Add +31.5% |
| WBD Warner Bros Discovery Inc. | 2.18% | 549,062 | $6.3M | Reduce -4.2% |
| PGEN Precigen Inc. | 2.11% | 4,278,662 | $6.1M | Reduce -6.7% |
| LPLA LPL Financial Holdings Inc. | 1.81% | 13,937 | $5.2M | Reduce -33.3% |
| GTLS Chart Industries Inc. | 1.77% | 31,107 | $5.1M | Add +2.1% |
| FLEX Flex Ltd. | 1.73% | 100,290 | $5.0M | Reduce -3.7% |
| YOU Clear Secure Inc. Class A | 1.66% | 172,858 | $4.8M | Add +3.0% |
| ESI Element Solutions Inc. | 1.65% | 210,724 | $4.8M | Reduce -18.7% |
| KPLT Katapult Holdings Inc. | 1.57% | 564,844 | $4.5M | Reduce -2.0% |
| CLVT Clarivate PLC | 1.35% | 905,076 | $3.9M | Reduce -21.4% |
| ON On Semiconductor | 1.27% | 69,740 | $3.7M | Reduce -33.9% |
| DBRG Digitalbridge Group Inc. | 1.26% | 351,017 | $3.6M | Reduce -10.8% |
| QSR Restaurant Brands Intern | 1.07% | 46,615 | $3.1M | Reduce -59.8% |
| BKR Baker Hughes Co. | 0.98% | 73,826 | $2.8M | Add +5.4% |
| NVCT Nuvectis Pharma Inc. | 0.96% | 372,717 | $2.8M | Add +46.8% |
| KKR KKR & Co. Inc. | 0.84% | 18,285 | $2.4M | Reduce -8.6% |
| CHX Championx Corp. | 0.81% | 94,662 | $2.4M | Reduce -21.5% |
| AVDL Avadel Pharmaceuticals Ltd. | 0.77% | 249,586 | $2.2M | No change |
| ICE Intercontinental Exchange Inc. | 0.73% | 11,493 | $2.1M | Reduce -28.7% |
| TGTX TG Therapeutics Inc. | 0.59% | 47,532 | $1.7M | No change |
| BALL Ball Corp. | 0.52% | 26,848 | $1.5M | Add +16.9% |
| NESR National Energy Services Reu | 0.47% | 224,765 | $1.4M | Reduce -17.9% |
| LH Labcorp Holdings Inc. | 0.36% | 3,907 | $1.0M | Reduce -7.5% |
| GBTC Grayscale Bitcoin Trust ETF | 0.31% | 10,559 | $896K | No change |
| CLNE Clean Energy Fuels Corp. | 0.17% | 247,468 | $483K | No change |
| Z Zillow Group Inc. Class C | 0.11% | 4,571 | $320K | Reduce -21.4% |
| FTRE Fortrea Holdings Inc. | 0.06% | 34,686 | $171K | Reduce -29.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $139K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NESRW National Energy Service-CW23 | *W EXP 06/06/202 | 251,071 | $139K | No change |
Total filed on the 13F, all lines: $288.7M.
Portfolio Sells Q1 2025 → Q2 2025
| CCK Crown Holdings Inc. | Reduce -58.2% | 2.95% | −2.59 |
| ACVA Acv Auctions Inc. Class A | Reduce -37.4% | 6.92% | −1.77 |
| QSR Restaurant Brands Intern | Reduce -59.8% | 1.07% | −1.35 |
| GEN Gen Digital Inc. | Reduce -44.0% | 2.36% | −1.08 |
| POST Post Holdings Inc. | Reduce -19.4% | 5.29% | −1.05 |
| WOLF Wolfspeed Inc. | Sold out | 0.00% | −0.88 |
| HLF Herbalife Ltd. | Reduce -19.7% | 6.66% | −0.86 |
| ELV Elevance Health Inc. | Reduce -10.3% | 6.28% | −0.81 |
| AXSM Axsome Therapeutics Inc. | Reduce -13.7% | 3.32% | −0.57 |
| HGV Hilton Grand Vacations Inc. | Reduce -31.4% | 2.86% | −0.54 |
| CRL Charles River Laboratories | Reduce -21.3% | 2.50% | −0.35 |
| LPLA LPL Financial Holdings Inc. | Reduce -33.3% | 1.81% | −0.33 |
| CHX Championx Corp. | Reduce -21.5% | 0.81% | −0.31 |
| KPLT Katapult Holdings Inc. | Reduce -2.0% | 1.57% | −0.28 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.24 |
| ESI Element Solutions Inc. | Reduce -18.7% | 1.65% | −0.18 |
| NESR National Energy Services Reu | Reduce -17.9% | 0.47% | −0.16 |
| RTO Rentokil Initial PLC-SP ADR | Reduce -15.8% | 5.80% | −0.15 |
| ICE Intercontinental Exchange Inc. | Reduce -28.7% | 0.73% | −0.14 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.09 |
| ON On Semiconductor | Reduce -33.9% | 1.27% | −0.08 |
| IBIO Ibio Inc. | Sold out | 0.00% | −0.07 |
| CLVT Clarivate PLC | Reduce -21.4% | 1.35% | −0.07 |
| FTRE Fortrea Holdings Inc. | Reduce -29.6% | 0.06% | −0.06 |
| PGEN Precigen Inc. | Reduce -6.7% | 2.11% | −0.04 |
| Z Zillow Group Inc. Class C | Reduce -21.4% | 0.11% | −0.01 |
| LH Labcorp Holdings Inc. | Reduce -7.5% | 0.36% | +0.05 |
| KKR KKR & Co. Inc. | Reduce -8.6% | 0.84% | +0.12 |
| DBRG Digitalbridge Group Inc. | Reduce -10.8% | 1.26% | +0.17 |
| WBD Warner Bros Discovery Inc. | Reduce -4.2% | 2.18% | +0.25 |
| LAD Lithia Motors Inc. | Reduce -13.1% | 6.25% | +0.59 |
| FLEX Flex Ltd. | Reduce -3.7% | 1.73% | +0.65 |
| TNL Travel + Leisure Co. | Reduce -8.1% | 7.84% | +0.91 |
Portfolio Buys Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | New | 8.56% | +8.56 |
| BILL Bill Holdings Inc. | Add +31.5% | 2.32% | +0.73 |
| LNWO Light & Wonder Inc. | Add +7.0% | 2.97% | +0.71 |
| GTLS Chart Industries Inc. | Add +2.1% | 1.77% | +0.39 |
| YOU Clear Secure Inc. Class A | Add +3.0% | 1.66% | +0.30 |
| NVCT Nuvectis Pharma Inc. | Add +46.8% | 0.96% | +0.19 |
| BALL Ball Corp. | Add +16.9% | 0.52% | +0.15 |
| BKR Baker Hughes Co. | Add +5.4% | 0.98% | +0.02 |
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 |