Iridian Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), Iridian Asset Management LLC reported 43 stock positions worth $254.1 million. Its top holding was Herbalife (HLF) at 8.1% of the portfolio, followed by Acv Auctions Class A (ACVA, 7.3%) and Travel + Leisure (TNL, 7.2%). Compared with Q2 2025, it opened 4 new positions, sold out of 2, added to 13 and reduced 24. The biggest buy was Hilton Grand Vacations (HGV, shares +38%) 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
- $254.1M (Q3 2025)
- SEC Filing
- 0001033427-25-000014 ↗ filed Oct 24, 2025
Holdings Value
Holdings 43 stocks · $254.1M
| HLF Herbalife Ltd. | 8.14% | 2,449,155 | $20.7M | Add +9.9% |
| ACVA Acv Auctions Inc. Class A | 7.34% | 1,880,851 | $18.6M | Add +52.7% |
| TNL Travel + Leisure Co. | 7.15% | 305,415 | $18.2M | Reduce -30.4% |
| ELV Elevance Health Inc. | 6.63% | 52,103 | $16.8M | Add +11.8% |
| RTO Rentokil Initial PLC-SP ADR | 6.11% | 614,609 | $15.5M | Reduce -11.8% |
| LAD Lithia Motors Inc. | 5.88% | 47,298 | $14.9M | Reduce -11.4% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 5.04% | 119,081 | $12.8M | Reduce -14.9% |
| PGEN Precigen Inc. | 4.75% | 3,666,946 | $12.1M | Reduce -14.3% |
| HGV Hilton Grand Vacations Inc. | 4.51% | 274,055 | $11.5M | Add +38.0% |
| AXSM Axsome Therapeutics Inc. | 3.99% | 83,553 | $10.1M | Reduce -8.9% |
| BILL Bill Holdings Inc. | 3.16% | 151,554 | $8.0M | Add +4.9% |
| LNWO Light & Wonder Inc. | 2.68% | 81,186 | $6.8M | Reduce -8.9% |
| GTLS Chart Industries Inc. | 2.31% | 29,377 | $5.9M | Reduce -5.6% |
| GEN Gen Digital Inc. | 2.17% | 193,957 | $5.5M | Reduce -16.2% |
| CCK Crown Holdings Inc. | 2.15% | 56,650 | $5.5M | Reduce -31.5% |
| ESI Element Solutions Inc. | 1.91% | 192,525 | $4.8M | Reduce -8.6% |
| DBRG Digitalbridge Group Inc. | 1.84% | 399,393 | $4.7M | Add +13.8% |
| LPLA LPL Financial Holdings Inc. | 1.81% | 13,847 | $4.6M | Reduce -0.7% |
| FLEX Flex Ltd. | 1.80% | 78,916 | $4.6M | Reduce -21.3% |
| CRL Charles River Laboratories | 1.76% | 28,626 | $4.5M | Reduce -39.8% |
| CLVT Clarivate PLC | 1.51% | 1,002,958 | $3.8M | Add +10.8% |
| AVDL Avadel Pharmaceuticals Ltd. | 1.50% | 249,586 | $3.8M | No change |
| KPLT Katapult Holdings Inc. | 1.45% | 308,616 | $3.7M | Reduce -45.4% |
| ON On Semiconductor | 1.22% | 62,854 | $3.1M | Reduce -9.9% |
| BKR Baker Hughes Co. | 1.21% | 63,016 | $3.1M | Reduce -14.6% |
| QSR Restaurant Brands Intern | 1.20% | 47,389 | $3.0M | Add +1.7% |
| WBD Warner Bros Discovery Inc. | 1.10% | 143,177 | $2.8M | Reduce -73.9% |
| TGTX TG Therapeutics Inc. | 1.07% | 75,289 | $2.7M | Add +58.4% |
| NESR National Energy Services Reu | 1.02% | 252,754 | $2.6M | Add +12.4% |
| NVCT Nuvectis Pharma Inc. | 0.96% | 405,621 | $2.4M | Add +8.8% |
| BALL Ball Corp. | 0.93% | 46,624 | $2.4M | Add +73.7% |
| KKR KKR & Co. Inc. | 0.84% | 16,405 | $2.1M | Reduce -10.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.82% | 60,916 | $2.1M | New |
| IMRX Immuneering Corp. Class A | 0.76% | 275,086 | $1.9M | New |
| MOH Molina Healthcare Inc. | 0.72% | 9,557 | $1.8M | New |
| ICE Intercontinental Exchange Inc. | 0.67% | 10,062 | $1.7M | Reduce -12.4% |
| YOU Clear Secure Inc. Class A | 0.63% | 47,687 | $1.6M | Reduce -72.4% |
| LH Labcorp Holdings Inc. | 0.45% | 3,993 | $1.1M | Add +2.2% |
| GBTC Grayscale Bitcoin Trust ETF | 0.37% | 10,559 | $948K | No change |
| CLNE Clean Energy Fuels Corp. | 0.14% | 141,549 | $365K | Reduce -42.8% |
| Z Zillow Group Inc. Class C | 0.12% | 3,952 | $305K | Reduce -13.5% |
| FTRE Fortrea Holdings Inc. | 0.10% | 29,965 | $252K | Reduce -13.6% |
| ETH Grayscale Ethereum Staking M | 0.08% | 5,465 | $214K | New |
Portfolio Sells Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −8.56 |
| WBD Warner Bros Discovery Inc. | Reduce -73.9% | 1.10% | −1.08 |
| YOU Clear Secure Inc. Class A | Reduce -72.4% | 0.63% | −1.04 |
| CHX Championx Corp. | Sold out | 0.00% | −0.81 |
| CCK Crown Holdings Inc. | Reduce -31.5% | 2.15% | −0.80 |
| CRL Charles River Laboratories | Reduce -39.8% | 1.76% | −0.74 |
| TNL Travel + Leisure Co. | Reduce -30.4% | 7.15% | −0.69 |
| LAD Lithia Motors Inc. | Reduce -11.4% | 5.88% | −0.37 |
| LNWO Light & Wonder Inc. | Reduce -8.9% | 2.68% | −0.29 |
| POST Post Holdings Inc. | Reduce -14.9% | 5.04% | −0.25 |
| GEN Gen Digital Inc. | Reduce -16.2% | 2.17% | −0.19 |
| KPLT Katapult Holdings Inc. | Reduce -45.4% | 1.45% | −0.12 |
| ICE Intercontinental Exchange Inc. | Reduce -12.4% | 0.67% | −0.06 |
| ON On Semiconductor | Reduce -9.9% | 1.22% | −0.05 |
| CLNE Clean Energy Fuels Corp. | Reduce -42.8% | 0.14% | −0.02 |
| KKR KKR & Co. Inc. | Reduce -10.3% | 0.84% | −0.00 |
| LPLA LPL Financial Holdings Inc. | Reduce -0.7% | 1.81% | +0.00 |
| Z Zillow Group Inc. Class C | Reduce -13.5% | 0.12% | +0.01 |
| FTRE Fortrea Holdings Inc. | Reduce -13.6% | 0.10% | +0.04 |
| FLEX Flex Ltd. | Reduce -21.3% | 1.80% | +0.07 |
| BKR Baker Hughes Co. | Reduce -14.6% | 1.21% | +0.23 |
| ESI Element Solutions Inc. | Reduce -8.6% | 1.91% | +0.25 |
| RTO Rentokil Initial PLC-SP ADR | Reduce -11.8% | 6.11% | +0.31 |
| GTLS Chart Industries Inc. | Reduce -5.6% | 2.31% | +0.54 |
| AXSM Axsome Therapeutics Inc. | Reduce -8.9% | 3.99% | +0.67 |
| PGEN Precigen Inc. | Reduce -14.3% | 4.75% | +2.64 |
Portfolio Buys Q2 2025 → Q3 2025
| HGV Hilton Grand Vacations Inc. | Add +38.0% | 4.51% | +1.65 |
| HLF Herbalife Ltd. | Add +9.9% | 8.14% | +1.48 |
| BILL Bill Holdings Inc. | Add +4.9% | 3.16% | +0.84 |
| SLB SLB Ltd. | New | 0.82% | +0.82 |
| IMRX Immuneering Corp. Class A | New | 0.76% | +0.76 |
| MOH Molina Healthcare Inc. | New | 0.72% | +0.72 |
| DBRG Digitalbridge Group Inc. | Add +13.8% | 1.84% | +0.58 |
| NESR National Energy Services Reu | Add +12.4% | 1.02% | +0.55 |
| TGTX TG Therapeutics Inc. | Add +58.4% | 1.07% | +0.48 |
| ACVA Acv Auctions Inc. Class A | Add +52.7% | 7.34% | +0.41 |
| BALL Ball Corp. | Add +73.7% | 0.93% | +0.40 |
| ELV Elevance Health Inc. | Add +11.8% | 6.63% | +0.34 |
| CLVT Clarivate PLC | Add +10.8% | 1.51% | +0.16 |
| QSR Restaurant Brands Intern | Add +1.7% | 1.20% | +0.13 |
| LH Labcorp Holdings Inc. | Add +2.2% | 0.45% | +0.10 |
| ETH Grayscale Ethereum Staking M | New | 0.08% | +0.08 |
| NVCT Nuvectis Pharma Inc. | Add +8.8% | 0.96% | −0.00 |
Notes & Other Activity Q2 2025 → Q3 2025
| NESRW National Energy Service-CW23 | *W EXP 06/06/202 | Sold out | 251,071 | $139Kbefore exit |
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 | 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 |