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Ionic Capital Management Portfolio holdings

AUM $1.37B
1-Year Est. Return 48.26%
This Fund
S&P 500
This Quarter Est. Return
+15.43%
1 Year Est. Return
+48.26%
3 Year Est. Return
+102.88%
5 Year Est. Return
+263.79%
10 Year Est. Return
+1,986.54%
AUM
$958M
AUM Growth
+$609M
Cap. Flow
+$587M
Cap. Flow %
61.26%
Top 10 Hldgs %
87.87%
Holding
190
New
49
Increased
39
Reduced
21
Closed
60

Top Buys

Rank Stock Value
1
JHX icon
James Hardie Industries
JHX
+$2.19M
2
PRMB
Primo Brands
PRMB
+$1.93M
3
GDX icon
VanEck Gold Miners ETF
GDX
+$1.69M
4
STRK
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
STRK
+$1.48M
5
CCCX
Churchill Capital Corp X
CCCX
+$1.32M

Top Sells

Rank Stock Value
1
PENN icon
PENN Entertainment
PENN
+$1.35M
2
URI icon
United Rentals
URI
+$1.3M
3
GTM
ZoomInfo Technologies
GTM
+$1.12M
4
SOC icon
Sable Offshore Corp
SOC
+$1.06M
5
FL
Foot Locker
FL
+$919K

Sector Composition

Rank Sector Weight
1 Technology 2.34%
2 Consumer Discretionary 1.9%
3 Industrials 0.74%
4 Materials 0.62%
5 Communication Services 0.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EEM icon
151
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.5B
– –
-2,000,000
Closed -$96.5M
ELF icon
152
PUT
e.l.f. Beauty
ELF
$4.49B
– –
-6,500
Closed -$809K
ENPH icon
153
Enphase Energy
ENPH
$5.05B
– –
-278
Closed -$11K
FL
154
DELISTED
Foot Locker
FL
– –
-37,500
Closed -$919K
GCMGW
155
DELISTED
GCM Grosvenor Inc Warrant
GCMGW
– –
-491,957
Closed -$315K
HL icon
156
Hecla Mining
HL
$10.2B
– –
-13,078
Closed -$78.3K
IBIT icon
157
iShares Bitcoin Trust
IBIT
$47.5B
– –
-7,941
Closed -$486K
IQ icon
158
iQIYI
IQ
$1.18B
– –
-59,024
Closed -$131K
IRBT
159
DELISTED
iRobot
IRBT
– –
-12,992
Closed -$40.7K
JBLU icon
160
JetBlue
JBLU
$1.81B
– –
-10,671
Closed -$45.1K
JOBY icon
161
PUT
Joby Aviation
JOBY
$7.36B
– –
-201,000
Closed -$2.12M
KKR icon
162
KKR & Co
KKR
$85.7B
– –
-2,000
Closed -$266K
LCID icon
163
Lucid Motors
LCID
$2.44B
– –
-4,292
Closed -$90.6K
LVWR icon
164
LiveWire
LVWR
$184M
– –
-4,336
Closed -$19.9K
MARA icon
165
Marathon Digital Holdings
MARA
$4.93B
– –
-1,799
Closed -$28.2K
MSTR icon
166
CALL
Strategy Inc
MSTR
$34.3B
– –
-1,500
Closed -$606K
NCV
167
Virtus Convertible & Income Fund
NCV
$379M
– –
-28,013
Closed -$398K
NCZ
168
Virtus Convertible & Income Fund II
NCZ
$291M
– –
-38,706
Closed -$497K
NEM icon
169
CALL
Newmont
NEM
$101B
– –
-20,000
Closed -$1.17M
OUST icon
170
PUT
Ouster
OUST
$2.56B
– –
-50,000
Closed -$1.21M
PL icon
171
CALL
Planet Labs
PL
$7.86B
– –
-40,000
Closed -$244K
PL.WS
172
DELISTED
Planet Labs PBC Warrants
PL.WS
– –
-148,670
Closed -$123K
PSFE icon
173
CALL
Paysafe
PSFE
$402M
– –
-15,000
Closed -$189K
PSFE icon
174
Paysafe
PSFE
$402M
– –
-20,419
Closed -$258K
PSFE icon
175
PUT
Paysafe
PSFE
$402M
– –
-25,000
Closed -$316K
4 5 6
7
8

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SOS
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MAWA
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HPC
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NGA
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Ionic Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Ionic Capital Management held 190 positions worth $958M, up 174% from $349M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Ionic Capital Management deployed $587M of net new capital in Q3 2025, opening 49 new positions and adding to 39 existing holdings. Its largest new stake was James Hardie Industries: 91,627 shares worth $1.76M.

By sector, the portfolio is most concentrated in Technology at 2.3% of assets, down from 5% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was PENN Entertainment, an estimated $1.35M trimmed.

  • Ionic Capital Management's largest Q3 2025 buy was James Hardie Industries: 91,627 shares worth $1.76M.
  • Ionic Capital Management added most to Primo Brands in Q3 2025, an estimated $1.93M increase.
  • Ionic Capital Management's biggest Q3 2025 reduction was PENN Entertainment, cutting an estimated $1.35M.
  • Ionic Capital Management fully exited United Rentals in Q3 2025, selling an estimated $1.3M.
  • Ionic Capital Management's ten largest holdings make up 88% of its $958M portfolio in Q3 2025.
  • Ionic Capital Management opened 49 new positions and closed 60 in Q3 2025.
  • Ionic Capital Management's portfolio value rose 174% quarter-over-quarter to $958M.

Based on Ionic Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.