IRIDIAN ASSET MANAGEMENT LLC/CT
Long book
$246.7M
Q1 2026
Positions
42
Top-10 weight
62%
concentration
Last quarter
+25.6%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsIRIDIAN ASSET MANAGEMENT LLC/CT is a concentrated fundamental stock-picker, running a $246.7M US long book across 42 positions.
The portfolio is concentrated: the top 10 names carry 62% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: HERBALIFE LTD, ACV AUCTIONS INC-A, HILTON GRAND VACATIONS INC, POST HOLDINGS INC, LITHIA MOTORS INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.9%
Q2 2024
+5.4%
Q3 2024
+3.8%
Q4 2024
-3.0%
Q1 2025
+5.3%
Q2 2025
+4.9%
Q3 2025
+12.0%
Q4 2025
-6.5%
Q1 2026
+25.6%
Sector allocation
Services media 26%
Consumer discretionary 18%
Healthcare 16%
Technology 13%
Consumer staples 9%
Financials 8%
Industrials 4%
Other 3%
Long book by quarter
What does IRIDIAN ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HLF HERBALIFE LTD | Consumer discretionary | 1.6M | $23.9M | 9.7% | -11.7% |
| ACVA ACV AUCTIONS INC-A | Services media | 5.2M | $22.1M | 8.9% | +74.0% |
| HGV HILTON GRAND VACATIONS INC | Services media | 485.2K | $19.0M | 7.7% | +4.4% |
| POST POST HOLDINGS INC | Consumer staples | 182.0K | $18.0M | 7.3% | +7.6% |
| LAD LITHIA MOTORS INC | Consumer discretionary | 65.6K | $16.4M | 6.6% | +39.0% |
| PGEN PRECIGEN INC | Healthcare | 3.6M | $13.9M | 5.6% | -0.2% |
| TNL TRAVEL + LEISURE CO | Services media | 197.0K | $13.6M | 5.5% | -6.1% |
| AXSM AXSOME THERAPEUTICS INC | Healthcare | 67.5K | $11.4M | 4.6% | -8.5% |
| ESI ELEMENT SOLUTIONS INC | Other | 236.3K | $8.1M | 3.3% | -10.5% |
| BILL BILL HOLDINGS INC | Technology | 198.7K | $7.6M | 3.1% | +6.1% |
| KPLT KATAPULT HOLDINGS INC | Services media | 897.1K | $6.3M | 2.6% | -2.5% |
| ELV ELEVANCE HEALTH INC | Financials | 21.6K | $6.3M | 2.6% | -13.8% |
| LPLA LPL FINANCIAL HOLDINGS INC | Financials | 19.5K | $5.9M | 2.4% | +35.7% |
| ON ON SEMICONDUCTOR | Technology | 87.9K | $5.4M | 2.2% | -4.1% |
| NVCT NUVECTIS PHARMA INC | Healthcare | 651.8K | $5.0M | 2.0% | +11.2% |
| NESR NATIONAL ENERGY SERVICES REU | Energy | 234.5K | $5.0M | 2.0% | -2.5% |
| FLEX FLEX LTD | Technology | 73.2K | $4.8M | 1.9% | +4.7% |
| CCK CROWN HOLDINGS INC | Industrials | 47.5K | $4.8M | 1.9% | -21.3% |
| CLVT CLARIVATE PLC | Technology | 1.8M | $4.5M | 1.8% | +17.0% |
| BRBR BELLRING BRANDS INC | Consumer staples | 222.9K | $3.6M | 1.5% | New |
| GEN GEN DIGITAL INC | Technology | 189.3K | $3.6M | 1.4% | -0.5% |
| ENR ENERGIZER HOLDINGS INC | Technology | 205.8K | $3.4M | 1.4% | +115.4% |
| BKR BAKER HUGHES CO | Industrials | 49.3K | $3.0M | 1.2% | -14.5% |
| KKR KKR & CO INC | Financials | 31.4K | $2.9M | 1.2% | +81.7% |
| SLB SLB LTD | Energy | 53.0K | $2.7M | 1.1% | -4.6% |
| TGTX TG THERAPEUTICS INC | Healthcare | 75.3K | $2.5M | 1.0% | Held |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 15.5K | $2.4M | 1.0% | -4.0% |
| NKTR NEKTAR THERAPEUTICS | Healthcare | 31.3K | $2.3M | 0.9% | +222.0% |
| QSR RESTAURANT BRANDS INTERN | Consumer discretionary | 29.8K | $2.2M | 0.9% | -18.8% |
| BALL BALL CORP | Industrials | 35.1K | $2.1M | 0.8% | -71.4% |
| CRL CHARLES RIVER LABORATORIES | Healthcare | 9.8K | $1.7M | 0.7% | -62.9% |
| MOH MOLINA HEALTHCARE INC | Financials | 7.8K | $1.0M | 0.4% | -4.5% |
| YOU CLEAR SECURE INC -CLASS A | Technology | 21.5K | $1.0M | 0.4% | -51.1% |
| RH RH | Consumer discretionary | 6.1K | $848K | 0.3% | +102.6% |
| LH LABCORP HOLDINGS INC | Healthcare | 2.8K | $754K | 0.3% | -22.4% |
| Z ZILLOW GROUP INC - C | Services media | 18.0K | $746K | 0.3% | +390.0% |
| AMRZ AMRIZE LTD | Industrials | 12.5K | $698K | 0.3% | New |
| DBRG DIGITALBRIDGE GROUP INC | Financials | 39.5K | $609K | 0.2% | -90.1% |
| ELTX ELICIO THERAPEUTICS INC | Healthcare | 30.1K | $321K | 0.1% | New |
| BCTX BRIACELL THERAPEUTICS CORP | Healthcare | 65.0K | $272K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 44 | $246.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 46 | $271.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 43 | $254.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 42 | $288.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 48 | $318.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 28, 2025 | 49 | $375.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 54 | $467.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 52 | $443.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 1, 2024 | 55 | $509.6M | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP