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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
+7.74%
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
$786M
AUM Growth
-$173M
Cap. Flow
-$189M
Cap. Flow %
-24.1%
Top 10 Hldgs %
85.14%
Holding
189
New
56
Increased
16
Reduced
46
Closed
42

Top Buys

Rank Stock Value
1
VVR icon
Invesco Senior Income Trust
VVR
+$2.01M
2
MSFT icon
Microsoft
MSFT
+$1.55M
3
CFLT
Confluent
CFLT
+$1.35M
4
GTM
ZoomInfo Technologies
GTM
+$1.23M
5
SOLS
Solstice Advanced Materials
SOLS
+$1.15M

Top Sells

Rank Stock Value
1
CCCX
Churchill Capital Corp X
CCCX
+$1.61M
2
COHR icon
Coherent
COHR
+$1.5M
3
HPE icon
Hewlett Packard
HPE
+$1.4M
4
STRK
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
STRK
+$1.16M
5
TDS icon
Telephone and Data Systems
TDS
+$1.15M

Sector Composition

Rank Sector Weight
1 Technology 3.03%
2 Consumer Discretionary 2.12%
3 Materials 1.09%
4 Industrials 0.93%
5 Communication Services 0.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
151
CALL
Alibaba
BABA
$273B
– –
-4,300
Closed -$769K
BIDU icon
152
CALL
Baidu
BIDU
$36.5B
– –
-5,500
Closed -$725K
CAMT icon
153
PUT
Camtek
CAMT
$7.24B
– –
-7,500
Closed -$788K
COMP icon
154
CALL
Compass
COMP
$8.05B
– –
-100,000
Closed -$803K
COOP
155
DELISTED
Mr. Cooper
COOP
– –
-2,799
Closed -$590K
CORZ icon
156
CALL
Core Scientific
CORZ
$7.62B
– –
-85,000
Closed -$1.52M
DOLE icon
157
CALL
Dole
DOLE
$1.34B
– –
-50,000
Closed -$672K
EA icon
158
Electronic Arts
EA
$52.4B
– –
-1,500
Closed -$303K
EVGO icon
159
CALL
EVgo
EVGO
$213M
– –
-100,000
Closed -$473K
EWZ icon
160
CALL
iShares MSCI Brazil ETF
EWZ
$9.16B
– –
-500,000
Closed -$15.5M
GDX icon
161
CALL
VanEck Gold Miners ETF
GDX
$22.9B
– –
-10,000
Closed -$764K
GME icon
162
PUT
GameStop
GME
$9.58B
– –
-75,000
Closed -$2.05M
GOOGL icon
163
CALL
Alphabet (Google) Class A
GOOGL
$3.88T
– –
-5,800
Closed -$1.41M
HPE icon
164
Hewlett Packard
HPE
$63.1B
– –
-57,000
Closed -$1.4M
HYG icon
165
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
– –
-1,000,000
Closed -$81.2M
JD icon
166
CALL
JD.com
JD
$40.6B
– –
-25,800
Closed -$902K
JOBY.WS icon
167
Joby Aviation Warrants
JOBY.WS
– –
-52,415
Closed -$314K
KDP icon
168
CALL
Keurig Dr Pepper
KDP
$40.4B
– –
-25,000
Closed -$638K
LRCX icon
169
PUT
Lam Research
LRCX
$400B
– –
-6,300
Closed -$844K
LWAY icon
170
Lifeway Foods
LWAY
$463M
– –
-18,000
Closed -$500K
NB
171
PUT
NioCorp Developments
NB
$635M
– –
-50,000
Closed -$334K
PCTTW
172
PureCycle Technologies Inc Warrant
PCTTW
$9.72M
– –
-75,205
Closed -$254K
PDD icon
173
CALL
Pinduoduo
PDD
$119B
– –
-6,300
Closed -$833K
RKT icon
174
Rocket Companies
RKT
$36.2B
– –
-10,935
Closed -$212K
SBSW icon
175
Sibanye-Stillwater
SBSW
$5.97B
– –
-25,460
Closed -$286K
4 5 6
7
8

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SOS
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MAWA
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HPC
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Ionic Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Ionic Capital Management held 189 positions worth $786M, down 18% from $958M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Ionic Capital Management withdrew a net $189M in Q4 2025, closing 42 positions and reducing 46 holdings. Its most notable exit was Churchill Capital Corp X, an estimated $1.61M position sold in full.

By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Materials.

Against the trend, Ionic Capital Management opened a new position in Invesco Senior Income Trust worth $1.99M.

  • Ionic Capital Management's largest Q4 2025 buy was Invesco Senior Income Trust: 608,000 shares worth $1.99M.
  • Ionic Capital Management added most to ZoomInfo Technologies in Q4 2025, an estimated $1.23M increase.
  • Ionic Capital Management's biggest Q4 2025 reduction was Coherent, cutting an estimated $1.5M.
  • Ionic Capital Management fully exited Churchill Capital Corp X in Q4 2025, selling an estimated $1.61M.
  • Ionic Capital Management's ten largest holdings make up 85% of its $786M portfolio in Q4 2025.
  • Ionic Capital Management opened 56 new positions and closed 42 in Q4 2025.
  • Ionic Capital Management's portfolio value fell 18% quarter-over-quarter to $786M.

Based on Ionic Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.