Iridian Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Iridian Asset Management LLC reported 43 stock positions worth $271.6 million. Its top holding was Acv Auctions Class A (ACVA) at 8.8% of the portfolio, followed by Herbalife (HLF, 8.7%) and Hilton Grand Vacations (HGV, 7.7%). Compared with Q3 2025, it opened 5 new positions, sold out of 5, added to 15 and reduced 20. The biggest buy was Hilton Grand Vacations (HGV, shares +70%) and the biggest sale Elevance Health (ELV, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- WESTPORT, CT
- CIK
- 0001033427
- Portfolio Value
- $271.6M (Q4 2025)
- SEC Filing
- 0001033427-26-000003 ↗ filed Jan 23, 2026
Holdings Value
Holdings 43 stocks · $271.6M
| ACVA Acv Auctions Inc. Class A | 8.83% | 2,989,152 | $24.0M | Add +58.9% |
| HLF Herbalife Ltd. | 8.71% | 1,836,381 | $23.7M | Reduce -25.0% |
| HGV Hilton Grand Vacations Inc. | 7.66% | 464,964 | $20.8M | Add +69.7% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 6.17% | 169,125 | $16.8M | Add +42.0% |
| LAD Lithia Motors Inc. | 5.77% | 47,182 | $15.7M | Reduce -0.3% |
| PGEN Precigen Inc. | 5.54% | 3,600,195 | $15.0M | Reduce -1.8% |
| TNL Travel + Leisure Co. | 5.45% | 209,844 | $14.8M | Reduce -31.3% |
| AXSM Axsome Therapeutics Inc. | 4.96% | 73,783 | $13.5M | Reduce -11.7% |
| BILL Bill Holdings Inc. | 3.76% | 187,404 | $10.2M | Add +23.6% |
| RTO Rentokil Initial PLC-SP ADR | 3.32% | 306,397 | $9.0M | Reduce -50.1% |
| ELV Elevance Health Inc. | 3.24% | 25,074 | $8.8M | Reduce -51.9% |
| ESI Element Solutions Inc. | 2.43% | 264,211 | $6.6M | Add +37.2% |
| BALL Ball Corp. | 2.40% | 122,835 | $6.5M | Add +163.5% |
| CCK Crown Holdings Inc. | 2.29% | 60,365 | $6.2M | Add +6.6% |
| DBRG Digitalbridge Group Inc. | 2.26% | 399,771 | $6.1M | Add +0.1% |
| KPLT Katapult Holdings Inc. | 2.19% | 920,000 | $5.9M | Add +198.1% |
| AVDL Avadel Pharmaceuticals Ltd. | 1.96% | 247,086 | $5.3M | Reduce -1.0% |
| CRL Charles River Laboratories | 1.95% | 26,568 | $5.3M | Reduce -7.2% |
| GEN Gen Digital Inc. | 1.90% | 190,232 | $5.2M | Reduce -1.9% |
| LPLA LPL Financial Holdings Inc. | 1.89% | 14,385 | $5.1M | Add +3.9% |
| CLVT Clarivate PLC | 1.88% | 1,528,410 | $5.1M | Add +52.4% |
| ON On Semiconductor | 1.83% | 91,632 | $5.0M | Add +45.8% |
| NVCT Nuvectis Pharma Inc. | 1.63% | 586,320 | $4.4M | Add +44.5% |
| FLEX Flex Ltd. | 1.56% | 69,932 | $4.2M | Reduce -11.4% |
| NESR National Energy Services Reu | 1.39% | 240,383 | $3.8M | Reduce -4.9% |
| BKR Baker Hughes Co. | 0.97% | 57,686 | $2.6M | Reduce -8.5% |
| ICE Intercontinental Exchange Inc. | 0.96% | 16,166 | $2.6M | Add +60.7% |
| QSR Restaurant Brands Intern | 0.92% | 36,710 | $2.5M | Reduce -22.5% |
| TGTX TG Therapeutics Inc. | 0.83% | 75,289 | $2.2M | No change |
| KKR KKR & Co. Inc. | 0.81% | 17,258 | $2.2M | Add +5.2% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.78% | 55,494 | $2.1M | Reduce -8.9% |
| ENR Energizer Holdings Inc. | 0.70% | 95,539 | $1.9M | New |
| YOU Clear Secure Inc. Class A | 0.57% | 43,902 | $1.5M | Reduce -7.9% |
| MOH Molina Healthcare Inc. | 0.52% | 8,200 | $1.4M | Reduce -14.2% |
| GTLS Chart Industries Inc. | 0.48% | 6,326 | $1.3M | Reduce -78.5% |
| LH Labcorp Holdings Inc. | 0.34% | 3,644 | $914K | Reduce -8.7% |
| GBTC Grayscale Bitcoin Trust ETF | 0.27% | 10,559 | $722K | No change |
| RH RH | 0.20% | 2,995 | $537K | New |
| IWR iShares Russell Mid-Cap ETF | 0.18% | 5,220 | $503K | New |
| ALIT Alight Inc. Class A | 0.16% | 218,252 | $426K | New |
| NKTR Nektar Therapeutics | 0.15% | 9,728 | $411K | New |
| CLNE Clean Energy Fuels Corp. | 0.11% | 141,549 | $297K | No change |
| Z Zillow Group Inc. Class C | 0.09% | 3,682 | $251K | Reduce -6.8% |
Portfolio Sells Q3 2025 → Q4 2025
| ELV Elevance Health Inc. | Reduce -51.9% | 3.24% | −3.39 |
| RTO Rentokil Initial PLC-SP ADR | Reduce -50.1% | 3.32% | −2.78 |
| LNWO Light & Wonder Inc. | Sold out | 0.00% | −2.68 |
| GTLS Chart Industries Inc. | Reduce -78.5% | 0.48% | −1.83 |
| TNL Travel + Leisure Co. | Reduce -31.3% | 5.45% | −1.70 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −1.10 |
| IMRX Immuneering Corp. Class A | Sold out | 0.00% | −0.76 |
| QSR Restaurant Brands Intern | Reduce -22.5% | 0.92% | −0.27 |
| GEN Gen Digital Inc. | Reduce -1.9% | 1.90% | −0.26 |
| FLEX Flex Ltd. | Reduce -11.4% | 1.56% | −0.24 |
| BKR Baker Hughes Co. | Reduce -8.5% | 0.97% | −0.24 |
| MOH Molina Healthcare Inc. | Reduce -14.2% | 0.52% | −0.20 |
| LH Labcorp Holdings Inc. | Reduce -8.7% | 0.34% | −0.11 |
| LAD Lithia Motors Inc. | Reduce -0.3% | 5.77% | −0.11 |
| FTRE Fortrea Holdings Inc. | Sold out | 0.00% | −0.10 |
| ETH Grayscale Ethereum Staking M | Sold out | 0.00% | −0.08 |
| YOU Clear Secure Inc. Class A | Reduce -7.9% | 0.57% | −0.06 |
| SLB SLB Ltd. | Reduce -8.9% | 0.78% | −0.04 |
| Z Zillow Group Inc. Class C | Reduce -6.8% | 0.09% | −0.03 |
| CRL Charles River Laboratories | Reduce -7.2% | 1.95% | +0.19 |
| NESR National Energy Services Reu | Reduce -4.9% | 1.39% | +0.37 |
| AVDL Avadel Pharmaceuticals Ltd. | Reduce -1.0% | 1.96% | +0.46 |
| HLF Herbalife Ltd. | Reduce -25.0% | 8.71% | +0.58 |
| PGEN Precigen Inc. | Reduce -1.8% | 5.54% | +0.79 |
| AXSM Axsome Therapeutics Inc. | Reduce -11.7% | 4.96% | +0.97 |
Portfolio Buys Q3 2025 → Q4 2025
| HGV Hilton Grand Vacations Inc. | Add +69.7% | 7.66% | +3.15 |
| ACVA Acv Auctions Inc. Class A | Add +58.9% | 8.83% | +1.49 |
| BALL Ball Corp. | Add +163.5% | 2.40% | +1.47 |
| POST Post Holdings Inc. | Add +42.0% | 6.17% | +1.13 |
| KPLT Katapult Holdings Inc. | Add +198.1% | 2.19% | +0.74 |
| ENR Energizer Holdings Inc. | New | 0.70% | +0.70 |
| NVCT Nuvectis Pharma Inc. | Add +44.5% | 1.63% | +0.67 |
| ON On Semiconductor | Add +45.8% | 1.83% | +0.61 |
| BILL Bill Holdings Inc. | Add +23.6% | 3.76% | +0.60 |
| ESI Element Solutions Inc. | Add +37.2% | 2.43% | +0.52 |
| DBRG Digitalbridge Group Inc. | Add +0.1% | 2.26% | +0.42 |
| CLVT Clarivate PLC | Add +52.4% | 1.88% | +0.37 |
| ICE Intercontinental Exchange Inc. | Add +60.7% | 0.96% | +0.30 |
| RH RH | New | 0.20% | +0.20 |
| IWR iShares Russell Mid-Cap ETF | New | 0.18% | +0.18 |
| ALIT Alight Inc. Class A | New | 0.16% | +0.16 |
| NKTR Nektar Therapeutics | New | 0.15% | +0.15 |
| CCK Crown Holdings Inc. | Add +6.6% | 2.29% | +0.13 |
| LPLA LPL Financial Holdings Inc. | Add +3.9% | 1.89% | +0.08 |
| KKR KKR & Co. Inc. | Add +5.2% | 0.81% | −0.03 |
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 |