IRIDIAN ASSET MANAGEMENT LLC/CT

Hedge Fund • Long/Short

IRIDIAN ASSET MANAGEMENT LLC/CT is a Long/Short Hedge Fund based in Westport, CT led by Todd Dunkin Raker, reporting $366.9M in AUM as of Q3 2025 with 32% Consumer Cyclical concentration and 60% concentrated in top 10 holdings.

CEOTodd Dunkin Raker

Portfolio Value: $254.1M
Positions: 43
Top Holding: HLF at 8.14%
Last Reported: Q3 2025

Address120 Post Road West, Suite 201, Westport, CT, 06880, United States

Top Holdings

Largest long holdings in IRIDIAN ASSET MANAGEMENT LLC/CT's portfolio (59.5% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Herbalife HLF	Packaged Foods Consumer Defensive	$20.7M	8.14%	+$1.9M Bought	2.38% 2.4M shares	Q1 2021 Held for 4y 8m
2 ACV Auctions Inc. ACVA	Auto - Dealerships Consumer Cyclical	$18.6M	7.34%	+$6.4M Bought	1.09% 1.9M shares	Q1 2021 Held for 4y 8m
3 Travel + Leisure TNL	Travel Services Consumer Cyclical	$18.2M	7.15%	-$7.9M Sold	0.47% 305.4K shares	≤ Q2 2013 Held for 12y 5m+
4 Elevance Health ELV	Medical - Healthcare Plans Healthcare	$16.8M	6.63%	+$1.8M Bought	0.02% 52.1K shares	Q2 2018 Held for 7y 5m
5 RTO Rentokil Initial RTO	Unknown Unknown	$15.5M	6.11%	-$2.1M Sold	— 614.6K shares	Q1 2023 Held for 2y 8m
6 Lithia Motors LAD	Auto - Dealerships Consumer Cyclical	$14.9M	5.88%	-$1.9M Sold	0.18% 47.3K shares	Q4 2020 Held for 4y 11m
7 Post Holdings POST	Packaged Foods Consumer Defensive	$12.8M	5.04%	-$2.2M Sold	0.22% 119.1K shares	Q3 2016 Held for 9y 2m
8 Precigen PGEN	Biotechnology Healthcare	$12.1M	4.75%	-$2.0M Sold	1.04% 3.7M shares	Q2 2014 Held for 11y 5m
9 Hilton Grand Vacations HGV	Gambling, Resorts & Casinos Consumer Cyclical	$11.5M	4.51%	+$3.2M Bought	0.31% 274.1K shares	Q1 2021 Held for 4y 8m
10 Axsome Therapeutics AXSM	Biotechnology Healthcare	$10.1M	3.99%	-$996.9K Sold	0.17% 83.6K shares	Q1 2019 Held for 6y 8m

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in IRIDIAN ASSET MANAGEMENT LLC/CT's latest filing

See all changes

GthenC

Market Value

$254.1M

Prior: $288.7M

Q/Q Change

-12.0%

-$34.6M

Net Flows % of MV

-19.37%

Turnover Ratio

18.44%

New Purchases

3 stocks

$4.2M

Added To

13 stocks

+$17.1M

Sold Out Of

3 stocks

$27.2M

Reduced Holdings

24 stocks

-$43.4M

Increased Positions

Position	Shares Δ	Change
1 Schlumberger SLB	New	0 → 60.9K +$2.1M
2 Immuneering Corporation IMRX	New	0 → 275.1K +$1.9M
3 ETH Grayscale Ethereum Mini Trust ETH	New	0 → 5.5K +$214.1K
4 Ball Corporation BALL	+73.66%	26.8K → 46.6K +$997.1K
5 TG Therapeutics TGTX	+58.4%	47.5K → 75.3K +$1.0M

Decreased Positions

Position	Shares Δ	Change
1 SPDR S&P 500 ETF Trust SPY	Sold	40.0K → 0 −$24.7M
2 ChampionX CHX	Sold	94.7K → 0 −$2.4M
3 NESRW National Energy Services Reunited Corp. NESRW	Sold	251.1K → 0 −$138.6K
4 Warner Bros. Discovery, Inc. WBD	-73.92%	549.1K → 143.2K −$7.9M
5 Clear Secure YOU	-72.41%	172.9K → 47.7K −$4.2M

See all changes

GthenC

Analytics

Portfolio insights and performance metrics for IRIDIAN ASSET MANAGEMENT LLC/CT

View analytics

GthenA

Sector Allocation

Consumer Cyclical

31.80%

Healthcare

22.70%

Consumer Defensive

13.20%

Technology

11.90%

Financial Services

3.30%

Energy

3.20%

Industrials

2.30%

Basic Materials

1.90%

Real Estate

1.80%

Communication Services

1.20%

Market Cap Distribution

Large Cap ($10B - $200B)

23.83%

Mid Cap ($2B - $10B)

43.45%

Small Cap ($300M - $2B)

22.72%

Micro Cap ($50M - $300M)

2.41%

Nano Cap (< $50M)

1.02%

N/A (ETF or Unknown)

6.57%

Portfolio Concentration

Top 10 Holdings %

59.53%

Top 20 Holdings %

81.13%

Top 50 Holdings %

100.0%

Top 100 Holdings %