Irenic Capital Management LP
•CIK: 1929389•Filing: Q4 2025
**Irenic Capital Management LP** manages $1.5B across a portfolio of 46 positions, exhibiting a concentrated, sector-specific allocation strategy. The fund's largest holding is IWM at $723.9M, indicating a significant directional bet on the broader market index. Further top positions include ITGR ($99.1M) and SHC ($67.0M), suggesting active, high-conviction bets across different market segments. This structure points to a tactical approach utilizing concentrated exposure to drive alpha generation.
Total AUM
$723.1M
+ $723.9M in options
QoQ Performance
+53.1%
Positions
42
+ 1 option
Top 10 Concentration
83.6%
Latest Filing
Q4 2025
Top Holdings Allocation
ISHA
ITGR
ISHARES50.0%
ITGR6.8%
SHC4.6%
TBPH3.6%
ALKT3.4%
WK3.3%
RSVR3.1%
DBD3.0%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW29 new positions
↑7 increased
↓2 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023