— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Irenic Capital Management LP

Q2 2025 · Filed 2025-08-14
Market Value
$303M
+2.0%
Holdings
17
New Purchases
5
Added To
3
Closed
4
Reduced
3
Top 10 Concentration
98.2%
Turnover
52.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FWRD 9.97% 0.00% +9.97% $30M
GO 6.39% 0.00% +6.39% $19M
SGRY 1.89% 0.00% +1.89% $6M
TRS 8.53% 6.74% +1.78% $26M
TBPH 10.07% 8.32% +1.75% $30M
SHC 13.64% 12.26% +1.38% $41M
VIGL 0.98% 0.00% +0.98% $3M
RSVR 13.92% 13.86% +0.06% $42M
MRVI 0.02% 0.00% +0.02% $50K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TGI 20.00% 32.36% -12.36% $61M
MAGN 0.00% 7.42% -7.42% $0
BASE 6.46% 8.89% -2.43% $20M
ACHC 0.00% 1.37% -1.37% $0
BLND 0.00% 0.32% -0.32% $0
NWS 7.30% 7.60% -0.30% $22M
GSM 0.00% 0.02% -0.02% $0
SHY 0.82% 0.84% -0.02% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $25M 8.1%
Mid Cap 3 $102M 33.6%
Small Cap 11 $146M 48.3%
Micro Cap 1 $30M 10.0%

Portfolio Analytics

Avg Market Cap
$3.5B
Median Market Cap
$1.2B
Avg P/E
39.1
Median P/E
38.5
Avg Dividend Yield
0.00%
Avg Beta
1.20
# Stocks
16
# ETFs / Funds
1

Top Holdings (17 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TGI 20.00% 2,350,173 $61M $25.75 -$35M -1,436,849 -37.9%
2 RSVR 13.92% 5,492,310 $42M $7.67 $1M +104,307 +1.9%
3 SHC 13.64% 3,712,011 $41M $11.12 $5M +594,785 +19.1%
4 TBPH 10.07% 2,760,948 $30M $11.03 $6M
5 FWRD 9.97% 1,229,719 $30M $24.54 +1,229,719 NEW
6 TRS 8.53% 901,926 $26M $28.61 $6M +48,442 +5.7%
7 NWS 7.30% 643,809 $22M $34.31 -$446K -98,200 -13.2%
8 BASE 6.46% 802,134 $20M $24.38 -$7M -871,275 -52.1%
9 GO 6.39% 1,557,655 $19M $12.42 +1,557,655 NEW
10 SGRY 1.89% 257,499 $6M $22.23 +257,499 NEW
11 VIGL 0.98% 371,321 $3M $7.95 +371,321 NEW
12 SHY 0.82% 30,000 $2M $82.86 $4K
13 MRVI 0.02% 20,668 $50K $2.41 +20,668 NEW
14 BLND —% -$954K -284,854 -100.0% SOLD
15 ACHC —% -$4M -133,907 -100.0% SOLD
16 MAGN —% -$22M -1,210,829 -100.0% SOLD
17 GSM —% -$60K -16,263 -100.0% SOLD

New Positions

SymbolValue% Port
FWRD $30M 9.97%
GO $19M 6.39%
SGRY $6M 1.89%
VIGL $3M 0.98%
MRVI $50K 0.02%

Sold Out Positions

SymbolValue% Port
BLND —%
MAGN —%
ACHC —%
GSM —%
View SEC EDGAR Filings for Irenic Capital Management LP →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms