We are live on ! Find out more
ICM

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
HYG icon
1
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.4B
$371M 47.19%
4,600,000
-650,000
-12% -$52.4M
IWM icon
2
CALL
iShares Russell 2000 ETF
IWM
$81.6B
$73.8M 9.4%
300,000
+100,000
+50% +$24.6M
IWM icon
3
PUT
iShares Russell 2000 ETF
IWM
$81.6B
$73.8M 9.4%
300,000
+100,000
+50% +$24.6M
EEM icon
4
CALL
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$54.7M 6.96%
1,000,000
-2,500,000
-71% -$136M
QQQ icon
5
CALL
Invesco QQQ Trust
QQQ
$469B
$30.7M 3.91%
+50,000
New +$30.7M
QQQ icon
6
PUT
Invesco QQQ Trust
QQQ
$469B
$30.7M 3.91%
+50,000
New +$30.7M
EWZ icon
7
PUT
iShares MSCI Brazil ETF
EWZ
$9.27B
$22.2M 2.83%
700,000
– –
CSTM icon
8
Constellium
CSTM
$3.99B
$4.12M 0.52%
218,566
– –
TNL icon
9
Travel + Leisure Co
TNL
$4.72B
$4.06M 0.52%
57,589
– –
GEN icon
10
PUT
Gen Digital
GEN
$15.4B
$3.94M 0.5%
145,000
– –
GXO icon
11
GXO Logistics
GXO
$6.21B
$3.61M 0.46%
68,582
-9,867
-13% -$518K
ATMU icon
12
Atmus Filtration Technologies
ATMU
$4.29B
$3.11M 0.4%
60,003
-8,352
-12% -$404K
PL icon
13
PUT
Planet Labs
PL
$8.05B
$3M 0.38%
152,000
+50,000
+49% +$717K
FLEX icon
14
Flex
FLEX
$46.5B
$2.98M 0.38%
49,253
– –
AIOT
15
PowerFleet Inc
AIOT
$547M
$2.77M 0.35%
519,977
+165,000
+46% +$844K
GMED icon
16
Globus Medical
GMED
$10.2B
$2.76M 0.35%
31,596
-15,000
-32% -$1.14M
CRM icon
17
CALL
Salesforce
CRM
$133B
$2.65M 0.34%
+10,000
New +$2.49M
GDX icon
18
VanEck Gold Miners ETF
GDX
$23.4B
$2.56M 0.33%
29,864
-6,127
-17% -$484K
RH icon
19
RH
RH
$3.31B
$2.49M 0.32%
13,900
+3,200
+30% +$547K
PRMB
20
Primo Brands
PRMB
$8.61B
$2.41M 0.31%
147,438
+45,000
+44% +$832K
STRK
21
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
STRK
$455M
$2.27M 0.29%
28,772
-13,437
-32% -$1.16M
YETI icon
22
Yeti Holdings
YETI
$3.92B
$2.19M 0.28%
49,500
– –
XOM icon
23
CALL
ExxonMobil
XOM
$640B
$2.05M 0.26%
+17,000
New +$1.97M
XOM icon
24
PUT
ExxonMobil
XOM
$640B
$2.05M 0.26%
+17,000
New +$1.97M
VVR icon
25
Invesco Senior Income Trust
VVR
$460M
$1.99M 0.25%
+608,000
New +$2.01M
1
2 3 4 5

Similar funds

MFM
MHR Fund Management New York $1.37B AUM 68.35% 1-Year Est. Return
EFG
Ethos Financial Group King Of Prussia, Pennsylvania $1.37B AUM 19.43% 1-Year Est. Return
SOS
Silver Oak Securities Jackson, Tennessee $1.37B AUM 20.67% 1-Year Est. Return
MAWA
Moss Adams Wealth Advisors Seattle, Washington $1.37B AUM 19.97% 1-Year Est. Return
PP
Pertento Partners London, United Kingdom $1.37B AUM 36.36% 1-Year Est. Return
RI
RWWM Inc Rocklin, California $1.37B AUM 3.81% 1-Year Est. Return
HPC
Hill Path Capital New York $1.37B AUM 15.26% 1-Year Est. Return
NGA
Naples Global Advisors Naples, Florida $1.37B AUM 28.26% 1-Year Est. Return

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.