Iridian Asset Management Llc
- Regulatory AUM
- $280M
- Discretionary
- $280M
- Clients
- 14
- Avg AUM / client
- $20.0M
- Accounts
- 14
- Employees
- 5
AUM over time
Annual snapshots from Form ADV filings · as of Apr 23, 2026
Investments (13F portfolio — 42 positions, $246,697,828)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Herbalife Ltd | COM SHS | $23,870,217 | 1,621,618 | 9.68% | 8.52% |
| 2 | Acv Auctions Inc | COM CL A | $22,050,158 | 5,200,509 | 8.94% | 7.87% |
| 3 | Hilton Grand Vacations Inc | COM | $18,981,024 | 485,200 | 7.69% | 6.78% |
| 4 | Post Hldgs Inc | COM | $17,989,455 | 181,969 | 7.29% | 6.42% |
| 5 | Lithia Mtrs Inc | COM | $16,378,386 | 65,587 | 6.64% | 5.85% |
| 6 | Precigen Inc | COM | $13,903,865 | 3,592,730 | 5.64% | 4.96% |
| 7 | Travel Plus Leisure Co | COM | $13,627,178 | 196,953 | 5.52% | 4.86% |
| 8 | Axsome Therapeutics Inc. | COM | $11,407,329 | 67,491 | 4.62% | 4.07% |
| 9 | Element Solutions Inc | COM | $8,068,716 | 236,342 | 3.27% | 2.88% |
| 10 | Bill Holdings Inc | COM | $7,611,934 | 198,745 | 3.09% | 2.72% |
| 11 | Katapult Holdings Inc | COM NEW | $6,333,646 | 897,117 | 2.57% | 2.26% |
| 12 | Elevance Health Inc Formerly | COM | $6,330,719 | 21,625 | 2.57% | 2.26% |
| 13 | Rentokil Initial Plc | SPONSORED ADR | $5,943,896 | 188,815 | 2.41% | 2.12% |
| 14 | Lpl Finl Hldgs Inc | COM | $5,871,600 | 19,518 | 2.38% | 2.1% |
| 15 | On Semiconductor Corp | COM | $5,441,406 | 87,878 | 2.21% | 1.94% |
| 16 | Nuvectis Pharma Inc | COM | $5,038,082 | 651,757 | 2.04% | 1.8% |
| 17 | National Energy Services Reu | SHS | $5,034,200 | 234,476 | 2.04% | 1.8% |
| 18 | Flextronics Intl Ltd | ORD | $4,792,719 | 73,216 | 1.94% | 1.71% |
| 19 | Crown Hldgs Inc | COM | $4,765,484 | 47,536 | 1.93% | 1.7% |
| 20 | Clarivate Plc | ORD SHS | $4,523,496 | 1,787,943 | 1.83% | 1.61% |
| 21 | Bellring Brands Inc | COMMON STOCK | $3,587,185 | 222,945 | 1.45% | 1.28% |
| 22 | Gen Digital Inc | COM | $3,564,952 | 189,323 | 1.45% | 1.27% |
| 23 | Energizer Hldgs Inc | COM | $3,378,596 | 205,761 | 1.37% | 1.21% |
| 24 | Baker Hughes Company | CL A | $3,010,986 | 49,320 | 1.22% | 1.07% |
| 25 | Kkr & Co Inc | COM | $2,901,078 | 31,363 | 1.18% | 1.04% |
Top 25 of 42 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 7 | $82.8M | 29.5% |
| Pooled investment vehicles (non-investment companies) | 4 | $165M | 58.7% |
| Corporations and other businesses | 1 | $24.7M | 8.83% |
| Other | 2 | $8.2M | 2.91% |
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $156M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Iridian Private Business Value Equity Fund, Lp | Other Private Fund | Delaware | $70.2M | 24 |
| Iridian Eagle Fund, Lp | Hedge Fund | Delaware | $57.9M | 50 |
| Iridian Wasabi Fund, Lp | Hedge Fund | Delaware | $26.7M | 3 |
| Iridian Global Impact Fund, Lp | Other Private Fund | Delaware | $1.6M | 2 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Morris, Colin, John | Director Of Marketing, Executive Committee Member | Jan 2022 (5y) | Less than 5% | |
| Raker, Todd, Dunkin | Chief Executive Officer, Executive Committee Member | Jan 2022 (5y) | ≈ 18.75% – 50% via Karcub Llc | |
| Scanlan, Raymond, Edward | Managing Director, Executive Committee Member | Jan 2022 (5y) | Less than 5% | |
| Stone, Eric, Shane | Managing Director, Executive Committee Member | Jan 2022 (5y) | Less than 5% | |
| Fox, Martha, Ellen | Chief Compliance Officer | Oct 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Iridian Employee Holdings Llc | Member | Nov 2012 | A | 50% – 75% |
| Karcub Llc | Member; Manager | Jan 2022 | A | 25% – 50% |
| Karcub Llc | Member; Manager | Jan 2022 | B | GP / trustee / elected manager of Iridian Employee Holdings Llc (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Raker, Todd, Dunkin: 75% – 100% of Karcub Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (4, $156M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Iridian Private Business Value Equity Fund, Lp | Other Private Fund | $70.2M | $1.0M | 24 |
| Iridian Eagle Fund, Lp | Hedge Fund | $57.9M | $1.0M | 50 |
| Iridian Wasabi Fund, Lp | Hedge Fund | $26.7M | $1.0M | 3 |
| Iridian Global Impact Fund, Lp | Other Private Fund | $1.6M | $1.0M | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/23/2026 | 1.69 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Cibc Private Wealth Management $61.1M (22% of AUM) Apr 2026
- Cibc Private Wealth Group, Llc $61.1M (22% of AUM) Apr 2026
- Cibc National Trust Company $49.2M (13% of AUM) Mar 2024
- Comerica Bank Trust National Association $34.9M (9% of AUM) Mar 2024
- J.P. Morgan $29.6M (8% of AUM) Jul 2025
- BNY Mellon $24.7M (9% of AUM) Apr 2026
- Fidelity Distributors Company Llc $23.8M (6% of AUM) Jul 2025
- State Street $22.1M (6% of AUM) Mar 2024
- Northern Trust $19.8M (7% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 23, 2026.
View current Form ADV (SEC/IAPD) ↗