Ionic Capital Management LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Ionic Capital Management LLC maintained a portfolio of 189 distinct positions. The most significant new addition to the portfolio was INVESCO QQQ TR, which now represents 3.91% of the total fund value. They heavily accumulated shares in ISHARES TR, increasing their position by 50.0%. The fund also reduced its exposure to ISHARES TR by 71.4%.
PCA Score Concentration Risk
Risk 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:
Showing 1-50 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
6.5 -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
PUT
PUT Option 9.40% 5.05% #3 2
Prev: #5
7.8 100,000 50.0%
P
S
300,000 $73,848,000 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IWM
ISHARES TR
CALL
CALL Option 9.40% 5.05% #2 2
Prev: #4
8.3 100,000 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
3.3 -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: #—
5.1 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: #—
5.6 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
2.1 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
1.2 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
1.2 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
1.2 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
0.7 -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
1.2 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: #—
3.7 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
0.7 -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
2.7 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
1.2 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: #—
3.6 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
2.6 165,000 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
0.1 -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: #—
3.6 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
0.6 -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
2.6 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
2.6 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
0.1 -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
1.1 no change no change
P
S
49,500 $2,186,415 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XOM
EXXON MOBIL COR...
PUT
PUT Option 0.26% #26
Prev: #—
3.6 17,000 no change
NEW
17,000 $2,045,780 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
XOM
EXXON MOBIL COR...
CALL
CALL Option 0.26% #27
Prev: #—
3.6 17,000 no change
NEW
17,000 $2,045,780 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VVR
INVESCO SR INCO...
Financial Services 0.25% #28
Prev: #—
3.6 608,000 no change
NEW
608,000 $1,988,160 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INTC
INTEL CORP
CALL
CALL Option 0.25% 0.23% #29 9
Prev: #20
0.6 -11,300 -17.4%
P
S
53,700 $1,981,530 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FLS
FLOWSERVE CORP
Industrials 0.24% 0.19% #30 4
Prev: #26
0.1 -8,000 -22.9%
P
S
27,000 $1,873,260 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MU
MICRON TECHNOLO...
Technology 0.23% 0.17% #31 3
Prev: #34
0.1 -3,213 -33.4%
P
S
6,418 $1,831,761 2008 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CDE
COEUR MNG INC
PUT
PUT Option 0.23% 0.59% #32 24
Prev: #8
0.1 -200,000 -66.7%
P
S
100,000 $1,783,000 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CFLT
CONFLUENT INC
CALL
CALL Option 0.23% 0.13% #33 12
Prev: #45
0.6 -6,300 -9.7%
P
S
58,700 $1,775,088 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
QQQX
NUVEEN NASDAQ 1...
Financial Services 0.22% 0.20% #34 10
Prev: #24
0.6 -7,304 -10.6%
P
S
61,842 $1,763,734 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
MARA HOLDINGS I...
Bond/Debt 0.21% #35
Prev: #—
3.6 2,000,000 no change
NEW
2,000,000 $1,677,060 13F Filing 2025-12-31 2026-02-14 (Est.)
CFLT
CONFLUENT INC
Technology 0.21% #36
Prev: #—
3.6 55,000 no change
NEW
55,000 $1,663,200 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 0.19% #37
Prev: #—
3.6 3,100 no change
NEW
3,100 $1,499,222 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COHR
COHERENT CORP
Technology 0.19% 0.20% #38 15
Prev: #23
0.1 -10,000 -55.6%
P
S
8,000 $1,476,560 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WIW
WESTERN AST INF...
Financial Services 0.19% 0.14% #39 3
Prev: #42
2.1 14,224 9.1%
P
S
170,464 $1,464,286 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 0.18% 0.15% #40 2
Prev: #38
0.6 -146 -1.8%
P
S
7,791 $1,453,022 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
JAMES HARDIE IN...
Unknown 0.18% 0.18% #41 11
Prev: #30
0.1 -22,500 -24.6%
P
S
69,127 $1,434,385 13F Filing 2025-12-31 2026-02-14 (Est.)
GTM
ZOOMINFO TECHNO...
Technology 0.18% 0.02% #42 66
Prev: #108
3.1 119,310 562.9%
P
S
140,504 $1,428,926 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HUBS
HUBSPOT INC
CALL
CALL Option 0.18% 0.17% #43 11
Prev: #32
1.1 no change no change
P
S
3,500 $1,404,550 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SNX
TD SYNNEX CORPO...
Technology 0.17% 0.16% #44 7
Prev: #37
1.1 no change no change
P
S
9,100 $1,367,093 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 0.17% 0.19% #45 17
Prev: #28
0.6 -962 -9.7%
P
S
8,994 $1,318,341 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SOXX
ISHARES TR
ETF 0.16% 0.09% #46 18
Prev: #64
2.6 1,030 32.3%
P
S
4,215 $1,269,347 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GBTG
GLOBAL BUSINESS...
Consumer Cyclical 0.15% 0.14% #47 4
Prev: #43
0.6 -10,000 -6.0%
P
S
158,007 $1,208,754 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SOLS
SOLSTICE ADVANC...
Basic Materials 0.15% #48
Prev: #—
3.6 24,500 no change
NEW
24,500 $1,190,210 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MAGS
LISTED FDS TR
Unknown 0.15% 0.12% #49 3
Prev: #46
1.1 no change no change
P
S
17,762 $1,171,582 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GME
GAMESTOP CORP N...
CALL
CALL Option 0.15% #50
Prev: #—
3.6 56,900 no change
NEW
56,900 $1,142,552 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 189 holdings

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