Iridian Asset Management Llc/ct
Iridian Asset Management LLC is an employee-owned investment adviser, headquartered in Westport, Connecticut. It was organized in 1995 and registered with the SEC as an investment adviser on December 5, 1995. The firm specializes in the active management of U.S. equity portfolios, primarily serving institutional investors, pooled investment vehicles, and high net worth individuals. Iridian is led by a team of senior investment and management professionals and employs a value-oriented investment process focused on corporate change. As of 2022, ownership control transitioned to senior personnel, with Karcub LLC (owned by CEO Todd D. Raker and his family trust) and Iridian Employee Holdings LLC as majority owners.
Investment Strategy
Iridian specializes in the active management of mid-cap U.S. equity long-only portfolios, as well as alternative long/short strategies that may invest across all market capitalizations, including private investments and non-equity securities such as fixed income and derivatives. The firm's process employs fundamental research to identify companies undergoing significant corporate change—such as restructurings, management transitions, or operational improvements—with the goal of uncovering value and outperforming broad equity benchmarks. The process emphasizes rigorous valuation analysis and maintaining a concentrated portfolio to express high-conviction ideas.
Top Holdings
Equity Positions (40)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | 8.56% | $24.7M | 40,000 | $617.85 | $617.85 | +$24.7M |
T TNL | TRAVEL PLUS LEISURE CO | 7.84% | $22.6M | 438,650 | $56.76 | $51.61 | +$548.0K |
A ACVA | ACV AUCTIONS INC | 6.92% | $20.0M | 1,231,493 | $14.77 | $16.22 | -$7.7M |
H HLF | HERBALIFE LTD | 6.65% | $19.2M | 2,228,259 | $14.89 | $8.62 | -$4.7M |
E ELV | ELEVANCE HEALTH INC | 6.28% | $18.1M | 46,622 | $361.89 | $388.96 | -$4.5M |