Ionic Capital Management LLC

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
189
Quarter
2025 Q4
Top Holding
HYG (47.2%)
Top 10 Concentration
85.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 189
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
HYG
ISHARES TR
PUT
PUT Option 47.19% 44.47% #1
Prev: #1
10.0 -650,000 -12.4%
P
S
4,600,000 $370,898,000 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IWM
ISHARES TR
CALL
CALL Option 9.40% 5.05% #2 2
Prev: #4
5.9 100,000 50.0%
P
S
300,000 $73,848,000 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IWM
ISHARES TR
PUT
PUT Option 9.40% 5.05% #3 2
Prev: #5
5.9 100,000 50.0%
P
S
300,000 $73,848,000 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EEM
ISHARES TR
CALL
CALL Option 6.96% 19.50% #4 2
Prev: #2
3.0 -2,500,000 -71.4%
P
S
1,000,000 $54,710,000 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
QQQ
INVESCO QQQ TR
CALL
CALL Option 3.91% #6
Prev: #—
3.6 50,000 no change
NEW
50,000 $30,715,500 2011 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
QQQ
INVESCO QQQ TR
PUT
PUT Option 3.91% #5
Prev: #—
3.6 50,000 no change
NEW
50,000 $30,715,500 2011 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EWZ
ISHARES INC
PUT
PUT Option 2.83% 2.26% #7 1
Prev: #6
1.1 no change no change
P
S
700,000 $22,239,000 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CSTM
CONSTELLIUM SE
Basic Materials 0.52% 0.34% #8 5
Prev: #13
0.2 no change no change
P
S
218,566 $4,119,969 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TNL
TRAVEL PLUS LEI...
Consumer Cyclical 0.52% 0.36% #9 3
Prev: #12
0.2 no change no change
P
S
57,589 $4,061,752 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GEN
GEN DIGITAL INC
PUT
PUT Option 0.50% 0.43% #10
Prev: #10
0.2 no change no change
P
S
145,000 $3,942,550 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GXO
GXO LOGISTICS I...
Industrials 0.46% 0.43% #11 2
Prev: #9
0.2 -9,867 -12.6%
P
S
68,582 $3,610,156 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ON SEMICONDUCTO...
Bond/Debt 0.42% 0.34% #12 2
Prev: #14
0.2 no change no change
P
S
3,500,000 $3,323,040 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ARRAY TECHNOLOG...
Bond/Debt 0.40% #13
Prev: #—
2.2 3,500,000 no change
NEW
3,500,000 $3,172,155 13F Filing 2025-12-31 2026-02-14 (Est.)
ATMU
ATMUS FILTRATIO...
Consumer Cyclical 0.40% 0.32% #14 1
Prev: #15
0.2 -8,352 -12.2%
P
S
60,003 $3,114,756 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PL
PLANET LABS PBC
PUT
PUT Option 0.38% 0.14% #15 29
Prev: #44
2.3 50,000 49.0%
P
S
152,000 $2,997,440 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FLEX
FLEX LTD
Technology 0.38% 0.30% #16
Prev: #16
0.2 no change no change
P
S
49,253 $2,975,866 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
VARONIS SYS INC
Bond/Debt 0.36% #17
Prev: #—
2.1 3,000,000 no change
NEW
3,000,000 $2,792,790 13F Filing 2025-12-31 2026-02-14 (Est.)
AIOT
POWERFLEET INC
Technology 0.35% 0.19% #18 7
Prev: #25
2.3 165,000 46.5%
P
S
519,977 $2,766,278 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GMED
GLOBUS MED INC
Healthcare 0.35% 0.28% #19 1
Prev: #18
0.2 -15,000 -32.2%
P
S
31,596 $2,758,647 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CRM
SALESFORCE INC
CALL
CALL Option 0.34% #20
Prev: #—
2.1 10,000 no change
NEW
10,000 $2,649,100 2010 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GDX
VANECK ETF TRUS...
ETF 0.33% 0.29% #21 4
Prev: #17
0.2 -6,127 -17.0%
P
S
29,864 $2,561,435 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RH
RH
Consumer Cyclical 0.32% 0.23% #22 1
Prev: #21
2.2 3,200 29.9%
P
S
13,900 $2,490,185 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PRMB
PRIMO BRANDS CO...
Consumer Defensive 0.31% 0.24% #23 4
Prev: #19
2.3 45,000 43.9%
P
S
147,438 $2,410,611 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
STRK
STRATEGY INC
Technology 0.29% 0.40% #24 13
Prev: #11
0.2 -13,437 -31.8%
P
S
28,772 $2,266,083 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
YETI
YETI HLDGS INC
Consumer Cyclical 0.28% 0.17% #25 6
Prev: #31
0.1 no change no change
P
S
49,500 $2,186,415 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HYG
ISHARES TR
CALL
CALL Option 0.00% 8.47%
Sold All 😨
(Was: #3)
0.3 -1,000,000 -100.0%
CLOSED
$— 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EWZ
ISHARES INC
CALL
CALL Option 0.00% 1.62%
Sold All 😨
(Was: #7)
0.3 -500,000 -100.0%
CLOSED
$— 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GME
GAMESTOP CORP N...
PUT
PUT Option 0.00% 0.21%
Sold All 😨
(Was: #22)
0.3 -75,000 -100.0%
CLOSED
$— 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CHURCHILL CAP C...
Unknown 0.00% 0.17%
Sold All 😨
(Was: #35)
0.3 -125,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
CORZ
CORE SCIENTIFIC...
CALL
CALL Option 0.00% 0.16%
Sold All 😨
(Was: #36)
0.3 -85,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WOLF
WOLFSPEED INC
CALL
CALL Option 0.00% 0.15%
Sold All 😨
(Was: #39)
0.3 -50,000 -100.0%
CLOSED
$— 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
CALL
CALL Option 0.00% 0.15%
Sold All 😨
(Was: #40)
0.3 -5,800 -100.0%
CLOSED
$— 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HPE
HEWLETT PACKARD...
Technology 0.00% 0.15%
Sold All 😨
(Was: #41)
0.3 -57,000 -100.0%
CLOSED
$— 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TDS
TELEPHONE & DAT...
Communication Services 0.00% 0.12%
Sold All 😨
(Was: #47)
0.3 -29,254 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SBSW
SIBANYE STILLWA...
PUT
PUT Option 0.00% 0.12%
Sold All 😨
(Was: #48)
0.3 -100,000 -100.0%
CLOSED
$— 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AUR
AURORA INNOVATI...
PUT
PUT Option 0.00% 0.11%
Sold All 😨
(Was: #51)
0.3 -200,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMCR
AMCOR PLC O
Consumer Cyclical 0.00% 0.10%
Sold All 😨
(Was: #55)
0.3 -120,800 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMAT
APPLIED MATLS I...
PUT
PUT Option 0.00% 0.10%
Sold All 😨
(Was: #57)
0.3 -4,700 -100.0%
CLOSED
$— 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JD
JD.COM INC
CALL
CALL Option 0.00% 0.09%
Sold All 😨
(Was: #62)
0.3 -25,800 -100.0%
CLOSED
$— 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LRCX
LAM RESEARCH CO...
PUT
PUT Option 0.00% 0.09%
Sold All 😨
(Was: #65)
0.3 -6,300 -100.0%
CLOSED
$— 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PDD
PDD HOLDINGS IN...
CALL
CALL Option 0.00% 0.09%
Sold All 😨
(Was: #66)
0.3 -6,300 -100.0%
CLOSED
$— 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COMP
COMPASS INC
CALL
CALL Option 0.00% 0.08%
Sold All 😨
(Was: #67)
0.3 -100,000 -100.0%
CLOSED
$— 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SMCI
SUPER MICRO COM...
Technology 0.00% 0.08%
Sold All 😨
(Was: #68)
0.3 -16,551 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CAMT
CAMTEK LTD
PUT
PUT Option 0.00% 0.08%
Sold All 😨
(Was: #69)
0.3 -7,500 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ASML
ASML HOLDING N ...
PUT
PUT Option 0.00% 0.08%
Sold All 😨
(Was: #71)
0.3 -800 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
CALL
CALL Option 0.00% 0.08%
Sold All 😨
(Was: #73)
0.3 -4,300 -100.0%
CLOSED
$— 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GDX
VANECK ETF TRUS...
CALL
CALL Option 0.00% 0.08%
Sold All 😨
(Was: #74)
0.3 -10,000 -100.0%
CLOSED
$— 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LION
LIONSGATE STUDI...
Unknown 0.00% 0.08%
Sold All 😨
(Was: #76)
0.3 -105,561 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BIDU
BAIDU INC
CALL
CALL Option 0.00% 0.08%
Sold All 😨
(Was: #77)
0.3 -5,500 -100.0%
CLOSED
$— 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DOLE
DOLE PLC
CALL
CALL Option 0.00% 0.07%
Sold All 😨
(Was: #79)
0.3 -50,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KDP
KEURIG DR PEPPE...
CALL
CALL Option 0.00% 0.07%
Sold All 😨
(Was: #82)
0.3 -25,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COOP
MR COOPER GROUP...
Unknown 0.00% 0.06%
Sold All 😨
(Was: #85)
0.3 -2,799 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMCR
AMCOR PLC O
CALL
CALL Option 0.00% 0.06%
Sold All 😨
(Was: #87)
0.3 -70,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GSRT
GSR III ACQUISI...
Financial Services 0.00% 0.05%
Sold All 😨
(Was: #88)
0.3 -50,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LWAY
LIFEWAY FOODS I...
Consumer Defensive 0.00% 0.05%
Sold All 😨
(Was: #91)
0.3 -18,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EVGO
EVGO INC
CALL
CALL Option 0.00% 0.05%
Sold All 😨
(Was: #94)
0.3 -100,000 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SMLR
SEMLER SCIENTIF...
CALL
CALL Option 0.00% 0.04%
Sold All 😨
(Was: #100)
0.3 -11,500 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NB
NIOCORP DEVS LT...
PUT
PUT Option 0.00% 0.03%
Sold All 😨
(Was: #101)
0.3 -50,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JOBY/WS
JOBY AVIATION I...
Unknown 0.00% 0.03%
Sold All 😨
(Was: #102)
0.3 -52,415 -100.0%
CLOSED
$— 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EA
ELECTRONIC ARTS...
Communication Services 0.00% 0.03%
Sold All 😨
(Was: #104)
0.3 -1,500 -100.0%
CLOSED
$— 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SBSW
SIBANYE STILLWA...
Basic Materials 0.00% 0.03%
Sold All 😨
(Was: #105)
0.3 -25,460 -100.0%
CLOSED
$— 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PCTTW
PURECYCLE TECHN...
Unknown 0.00% 0.03%
Sold All 😨
(Was: #106)
0.3 -75,205 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ASTS
AST SPACEMOBILE...
Technology 0.00% 0.03%
Sold All 😨
(Was: #107)
0.3 -5,005 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RKT
ROCKET COS INC
Financial Services 0.00% 0.02%
Sold All 😨
(Was: #109)
0.3 -10,935 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSTX
TIDAL TRUST II
PUT
PUT Option 0.00% 0.02%
Sold All 😨
(Was: #111)
0.3 -9,500 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AUR
AURORA INNOVATI...
Technology 0.00% 0.02%
Sold All 😨
(Was: #112)
0.3 -33,246 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRWV
COREWEAVE INC
CALL
CALL Option 0.00% 0.01%
Sold All 😨
(Was: #118)
0.3 -600 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 189 holdings

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