Iridian Asset Management LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 24, 2026), Iridian Asset Management LLC reported 41 stock positions worth $246.6 million. Its top holding was Herbalife (HLF) at 9.7% of the portfolio, followed by Acv Auctions Class A (ACVA, 8.9%) and Hilton Grand Vacations (HGV, 7.7%). Compared with Q4 2025, it opened 4 new positions, sold out of 6, added to 14 and reduced 22. The biggest buy was a new position in Bellring Brands (BRBR) and the biggest sale Digitalbridge (DBRG, shares −90%).

Most Recent 13F
Q2 2026
Location
WESTPORT, CT
CIK
0001033427
Portfolio Value
$246.6M (Q1 2026)
SEC Filing
0001033427-26-000004 ↗ filed Apr 24, 2026

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $509.6M Q1 2024 Q2 2024: $443.1M Q2 2024 Q3 2024: $467.1M Q3 2024 Q4 2024: $375.8M Q4 2024 Q1 2025: $318.8M Q1 2025 Q2 2025: $288.6M Q2 2025 Q3 2025: $254.1M Q3 2025 Q4 2025: $271.6M Q4 2025 Q1 2026: $246.6M $246.6M Q1 2026 Q2 2026: $291.0M Q2 2026

Holdings 41 stocks · $246.6M
HLF Herbalife Ltd. 9.68% 1,621,618 $23.9M Reduce -11.7%
ACVA Acv Auctions Inc. Class A 8.94% 5,200,509 $22.1M Add +74.0%
HGV Hilton Grand Vacations Inc. 7.70% 485,200 $19.0M Add +4.3%
POST Post Holdings Inc. filed as POST HLDGS INC 7.29% 181,969 $18.0M Add +7.6%
LAD Lithia Motors Inc. 6.64% 65,587 $16.4M Add +39.0%
PGEN Precigen Inc. 5.64% 3,592,730 $13.9M Reduce -0.2%
TNL Travel + Leisure Co. 5.53% 196,953 $13.6M Reduce -6.1%
AXSM Axsome Therapeutics Inc. 4.63% 67,491 $11.4M Reduce -8.5%
ESI Element Solutions Inc. 3.27% 236,342 $8.1M Reduce -10.6%
BILL Bill Holdings Inc. 3.09% 198,745 $7.6M Add +6.0%
KPLT Katapult Holdings Inc. 2.57% 897,117 $6.3M Reduce -2.5%
ELV Elevance Health Inc. 2.57% 21,625 $6.3M Reduce -13.8%
RTO Rentokil Initial PLC-SP ADR 2.41% 188,815 $5.9M Reduce -38.4%
LPLA LPL Financial Holdings Inc. 2.38% 19,518 $5.9M Add +35.7%
ON On Semiconductor 2.21% 87,878 $5.4M Reduce -4.1%
NVCT Nuvectis Pharma Inc. 2.04% 651,757 $5.0M Add +11.2%
NESR National Energy Services Reu 2.04% 234,476 $5.0M Reduce -2.5%
FLEX Flex Ltd. filed as FLEXTRONICS INTL LTD 1.94% 73,216 $4.8M Add +4.7%
CCK Crown Holdings Inc. 1.93% 47,536 $4.8M Reduce -21.3%
CLVT Clarivate PLC 1.83% 1,787,943 $4.5M Add +17.0%
BRBR Bellring Brands Inc. 1.45% 222,945 $3.6M New
GEN Gen Digital Inc. 1.45% 189,323 $3.6M Reduce -0.5%
ENR Energizer Holdings Inc. 1.37% 205,761 $3.4M Add +115.4%
BKR Baker Hughes Co. 1.22% 49,320 $3.0M Reduce -14.5%
KKR KKR & Co. Inc. 1.18% 31,363 $2.9M Add +81.7%
SLB SLB Ltd. filed as SLB LIMITED 1.10% 52,950 $2.7M Reduce -4.6%
TGTX TG Therapeutics Inc. 1.01% 75,289 $2.5M No change
ICE Intercontinental Exchange Inc. 0.99% 15,515 $2.4M Reduce -4.0%
NKTR Nektar Therapeutics 0.91% 31,320 $2.3M Add +222.0%
QSR Restaurant Brands Intern 0.89% 29,819 $2.2M Reduce -18.8%
BALL Ball Corp. 0.84% 35,076 $2.1M Reduce -71.4%
CRL Charles River Laboratories 0.69% 9,845 $1.7M Reduce -62.9%
MOH Molina Healthcare Inc. 0.42% 7,830 $1.0M Reduce -4.5%
YOU Clear Secure Inc. Class A 0.42% 21,478 $1.0M Reduce -51.1%
RH RH 0.34% 6,067 $848K Add +102.6%
LH Labcorp Holdings Inc. 0.31% 2,827 $754K Reduce -22.4%
Z Zillow Group Inc. Class C 0.30% 18,040 $746K Add +389.9%
AMRZ Amrize Ltd. 0.28% 12,459 $698K New
DBRG Digitalbridge Group Inc. 0.25% 39,518 $609K Reduce -90.1%
ELTX Elicio Therapeutics Inc. 0.13% 30,051 $321K New
BCTX Briacell Therapeutics Corp. 0.11% 65,000 $272K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $67K (not counted above)
SecurityClassShares / PrincipalValueChange
BCTXL Briacell Therapeutics Corp. *W EXP 01/15/203 65,000$67KNew

Total filed on the 13F, all lines: $246.7M.

Portfolio Sells Q4 2025 → Q1 2026
DBRG Digitalbridge Group Inc. Reduce -90.1% 0.25% −2.01
AVDL Avadel Pharmaceuticals Ltd. Sold out 0.00% −1.96
BALL Ball Corp. Reduce -71.4% 0.84% −1.55
CRL Charles River Laboratories Reduce -62.9% 0.69% −1.26
RTO Rentokil Initial PLC-SP ADR Reduce -38.4% 2.41% −0.91
ELV Elevance Health Inc. Reduce -13.8% 2.57% −0.67
GTLS Chart Industries Inc. Sold out 0.00% −0.48
GEN Gen Digital Inc. Reduce -0.5% 1.45% −0.46
CCK Crown Holdings Inc. Reduce -21.3% 1.93% −0.36
AXSM Axsome Therapeutics Inc. Reduce -8.5% 4.63% −0.34
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% −0.27
IWR iShares Russell Mid-Cap ETF Sold out 0.00% −0.18
ALIT Alight Inc. Class A Sold out 0.00% −0.16
YOU Clear Secure Inc. Class A Reduce -51.1% 0.42% −0.15
CLNE Clean Energy Fuels Corp. Sold out 0.00% −0.11
MOH Molina Healthcare Inc. Reduce -4.5% 0.42% −0.10
LH Labcorp Holdings Inc. Reduce -22.4% 0.31% −0.03
QSR Restaurant Brands Intern Reduce -18.8% 0.89% −0.03
ICE Intercontinental Exchange Inc. Reduce -4.0% 0.99% +0.03
TNL Travel + Leisure Co. Reduce -6.1% 5.53% +0.08
PGEN Precigen Inc. Reduce -0.2% 5.64% +0.10
BKR Baker Hughes Co. Reduce -14.5% 1.22% +0.25
SLB SLB Ltd. Reduce -4.6% 1.10% +0.32
ON On Semiconductor Reduce -4.1% 2.21% +0.38
KPLT Katapult Holdings Inc. Reduce -2.5% 2.57% +0.38
NESR National Energy Services Reu Reduce -2.5% 2.04% +0.66
ESI Element Solutions Inc. Reduce -10.6% 3.27% +0.84
HLF Herbalife Ltd. Reduce -11.7% 9.68% +0.96

Portfolio Buys Q4 2025 → Q1 2026
BRBR Bellring Brands Inc. New 1.45% +1.45
POST Post Holdings Inc. Add +7.6% 7.29% +1.13
LAD Lithia Motors Inc. Add +39.0% 6.64% +0.87
NKTR Nektar Therapeutics Add +222.0% 0.91% +0.76
ENR Energizer Holdings Inc. Add +115.4% 1.37% +0.67
LPLA LPL Financial Holdings Inc. Add +35.7% 2.38% +0.49
NVCT Nuvectis Pharma Inc. Add +11.2% 2.04% +0.41
FLEX Flex Ltd. Add +4.7% 1.94% +0.39
KKR KKR & Co. Inc. Add +81.7% 1.18% +0.37
AMRZ Amrize Ltd. New 0.28% +0.28
Z Zillow Group Inc. Class C Add +389.9% 0.30% +0.21
RH RH Add +102.6% 0.34% +0.15
ELTX Elicio Therapeutics Inc. New 0.13% +0.13
ACVA Acv Auctions Inc. Class A Add +74.0% 8.94% +0.11
BCTX Briacell Therapeutics Corp. New 0.11% +0.11
HGV Hilton Grand Vacations Inc. Add +4.3% 7.70% +0.04
CLVT Clarivate PLC Add +17.0% 1.83% −0.05
BILL Bill Holdings Inc. Add +6.0% 3.09% −0.68

Notes & Other Activity Q4 2025 → Q1 2026
BCTXL Briacell Therapeutics Corp. *W EXP 01/15/203 New 65,000 $67K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 40$291.0MACVA, HLF, HGV, PGEN, POST
Q1 2026 41$246.6MHLF, ACVA, HGV, POST, LAD
Q4 2025 43$271.6MACVA, HLF, HGV, POST, LAD
Q3 2025 43$254.1MHLF, ACVA, TNL, ELV, RTO
Q2 2025 41$288.6MSPY, TNL, ACVA, HLF, ELV
Q1 2025 44$318.8MACVA, HLF, ELV, TNL, POST
Q4 2024 47$375.8MSPY, TNL, ACVA, POST, ELV
Q3 2024 53$467.1MSPY, IWM, TNL, ACVA, LAD
Q2 2024 51$443.1MSPY, IWM, TNL, POST, ACVA
Q1 2024 55$509.6MSPY, IWM, TNL, ACVA, POST