Ionic Capital Management LLC
CIK
1386462
Location
NEW YORK, NY
Portfolio Value
Small
$156,044,227
Diversification
Moderately concentrated
Filing Date
Global Rank
#4,762
/ 8,623
▲ 8
· as of Mar 2026
Top Industry
Asset Management
13.8%
3Y Alpha vs SPY
-39.2%
Period ended 4 months ago
Filed May 15, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Not a measure of this manager's performance.
Most of Ionic Capital Management LLC's reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
53% that is ordinary stock — as little as
28% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+42.6%
SPY
+65.3%
Annualised alpha
-5.7%
Max drawdown
−29.9%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 53% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
95 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
39.9%
+2.7 pts
Top 5
49.1%
+2.1 pts
Top 10
56.7%
+0.3 pts
HHI
1,661
Moderately concentrated+198
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 40.3% | $62,929,645 |
| Technology | 20.0% | $31,235,371 |
| Financial Services | 12.3% | $19,256,195 |
| Basic Materials | 7.5% | $11,687,759 |
| Consumer Cyclical | 7.3% | $11,455,213 |
| Industrials | 6.2% | $9,727,834 |
| Communication Services | 2.6% | $3,990,587 |
| Healthcare | 1.8% | $2,880,902 |
| Consumer Defensive | 1.5% | $2,365,160 |
| Utilities | 0.3% | $459,401 |
| Real Estate | 0.0% | $56,160 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
23 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GTM | ZoomInfo Technologies Inc. | +241,151 | 381,655 | $2,282,296 | |
| NAK | Northern Dynasty Minerals Ltd | +150,000 | 459,000 | $642,600 | |
| XZO | Exzeo Group, Inc. | +65,536 | 79,055 | $1,159,736 | |
| BBAI | BigBear.ai Holdings, Inc. | +40,327 | 94,327 | $332,031 | |
| JHX | James Hardie Industries plc | +37,000 | 106,127 | $2,010,045 | |
| AIOT | Powerfleet, Inc. | +32,719 | 552,696 | $1,702,303 | |
| HYI | Western Asset High Yield Opportunity Fund Inc. | +16,585 | 35,698 | $381,254 | |
| USA | Liberty All Star Equity Fund | +13,731 | 138,731 | $769,957 | |
| FCX | Freeport-Mcmoran Inc | +13,600 | 37,500 | $2,204,250 | |
| HYT | Blackrock Corporate High Yield Fund, Inc. | +12,999 | 77,999 | $664,551 | |
| CEPT | Cantor Equity Partners II, Inc. | +11,400 | 46,400 | $505,296 | |
| QQQ | Invesco Qqq Trust, Series 1 | +8,000 | 108,000 | $62,335,440 | |
| CRCL | Circle Internet Group, Inc. | +6,944 | 9,872 | $941,887 | |
| BHF | Brighthouse Financial, Inc. | +6,000 | 15,750 | $943,110 | |
| QQQX | Nuveen NASDAQ 100 Dynamic Overwrite Fund | +4,271 | 66,113 | $1,763,233 | |
| CRWV | CoreWeave, Inc. | +3,415 | 6,707 | $519,591 | |
| YETI | YETI Holdings, Inc. | +3,000 | 52,500 | $1,920,975 | |
| GLW | Corning Inc /Ny | +2,800 | 8,800 | $1,196,536 | |
| META | Meta Platforms, Inc. | +1,764 | 2,839 | $1,624,277 | |
| MSTR | Strategy Inc | +1,097 | 5,016 | $625,996 | |
| UNF | Unifirst Corp | +1,000 | 3,500 | $880,565 | |
| FLEX | Flex Ltd. | +1,000 | 50,253 | $3,289,561 | |
| COIN | Coinbase Global, Inc. | +460 | 1,712 | $298,932 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
20 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VVR | Invesco Senior Income Trust | −216,050 | 391,950 | $1,262,079 | |
| CSTM | Constellium SE | −40,844 | 177,722 | $4,368,406 | |
| PRMB | Primo Brands Corp | −21,832 | 125,606 | $2,365,160 | |
| INTC | Intel Corp | −13,700 | 40,000 | $1,765,200 | |
| GXO | GXO Logistics, Inc. | −12,500 | 56,082 | $2,907,851 | |
| GME | GameStop Corp. | −11,900 | 45,000 | $1,036,800 | |
| CORZ | Core Scientific, Inc./tx | −11,000 | 14,000 | $209,440 | |
| GMED | Globus Medical Inc | −11,000 | 20,596 | $1,774,551 | |
| TNL | Travel & Leisure Co. | −6,000 | 51,589 | $3,569,442 | |
| SBET | Sharplink, Inc. | −3,500 | 16,375 | $105,618 | |
| BABA | Alibaba Group Holding Ltd | −1,887 | 7,107 | $891,644 | |
| PLTR | Palantir Technologies Inc. | −1,330 | 3,952 | $578,098 | |
| AMD | Advanced Micro Devices Inc | −1,118 | 3,830 | $779,136 | |
| NVDA | Nvidia Corp | −930 | 6,861 | $1,196,558 | |
| RH | Rh | −800 | 13,100 | $1,831,642 | |
| MU | Micron Technology Inc | −649 | 5,769 | $1,948,998 | |
| AVGO | Broadcom Inc. | −457 | 2,494 | $771,917 | |
| AAPL | Apple Inc. | −198 | 3,668 | $930,901 | |
| UNH | Unitedhealth Group Inc | −159 | 1,109 | $300,084 | |
| AMZN | Amazon Com Inc | −93 | 1,957 | $407,584 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AKAM | Akamai Technologies Inc | 26,886 | $3,087,857 | |
| SPXX | Nuveen S&P 500 Dynamic Overwrite Fund | 130,987 | $2,104,961 | |
| REZI | Resideo Technologies, Inc. | 46,000 | $1,550,660 | |
| ORCL | Oracle Corp | 10,000 | $1,471,100 | |
| SMCI | Super Micro Computer, Inc. | 49,800 | $1,133,946 | |
| HOOD | Robinhood Markets, Inc. | 16,114 | $1,116,700 | |
| FIS | Fidelity National Information Services, Inc. | 23,000 | $1,078,930 | |
| LITE | Lumentum Holdings Inc. | 1,482 | $1,041,490 | |
| JQC | Nuveen Credit Strategies Income Fund | 208,434 | $1,015,073 | |
| SARO | StandardAero, Inc. | 36,503 | $942,872 | |
| UBER | Uber Technologies, Inc | 12,500 | $899,125 | |
| PLNT | Planet Fitness, Inc. | 12,000 | $892,560 | |
| W | Wayfair Inc. | 11,500 | $864,915 | |
| JHG | Janus Henderson Group Ltd. | 15,000 | $770,550 | |
| JFR | Nuveen Floating Rate Income Fund | 94,360 | $709,587 | |
| SNDK | Sandisk Corp | 1,074 | $682,355 | |
| PYPL | PayPal Holdings, Inc. | 15,000 | $678,450 | |
| ARM | Arm Holdings PLC /Uk | 4,000 | $605,120 | |
| NOK | Nokia Corp | 75,000 | $603,000 | |
| NEM | NEWMONT Corp /DE/ | 5,500 | $595,375 | |
| ZIM | ZIM Integrated Shipping Services Ltd. | 20,000 | $527,000 | |
| ASTS | AST SpaceMobile, Inc. | 5,758 | $477,165 | |
| OKLO | Oklo Inc. | 9,264 | $459,401 | |
| OWL | Blue Owl Capital Inc. | 50,000 | $456,500 | |
| APP | AppLovin Corp | 1,133 | $450,934 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| XOM | ExxonMobil Holdings Corp | 34,000 | $4,091,560 | |
| GEN | Gen Digital Inc. | 146,116 | $3,972,894 | |
| ATMU | Atmus Filtration Technologies Inc. | 60,003 | $3,114,755 | |
| PL | Planet Labs PBC | 152,000 | $2,997,440 | |
| CRM | Salesforce, Inc. | 10,000 | $2,649,100 | |
| IQ | iQIYI, Inc. | 944,924 | $1,814,254 | |
| CDE | Coeur Mining, Inc. | 100,000 | $1,783,000 | |
| MSFT | Microsoft Corp | 3,100 | $1,499,222 | |
| COHR | Coherent Corp. | 8,000 | $1,476,560 | |
| HUBS | Hubspot Inc | 3,500 | $1,404,550 | |
| SNX | Td Synnex Corp | 9,100 | $1,367,093 | |
| GBTG | Global Business Travel Group, Inc. | 158,007 | $1,208,753 | |
| DIAX | Nuveen Dow 30sm Dynamic Overwrite Fund | 72,133 | $1,100,749 | |
| KGC | Kinross Gold Corp | 34,500 | $971,520 | |
| MARA | MARA Holdings, Inc. | 100,000 | $898,000 | |
| GLXY | Galaxy Digital Inc. | 35,500 | $793,780 | |
| TSLA | Tesla, Inc. | 1,650 | $742,038 | |
| ALIT | Alight, Inc. / Delaware | 367,752 | $717,116 | |
| AEM | Agnico Eagle Mines Ltd | 4,000 | $678,120 | |
| BLDR | Builders FirstSource, Inc. | 6,500 | $668,785 | |
| BXMX | Nuveen S&P 500 BuyWrite Income Fund | 42,861 | $630,056 | |
| AVY | Avery Dennison Corp | 3,000 | $545,640 | |
| CIFR | Cipher Digital Inc. | 33,200 | $490,032 | |
| SIRI | Sirius Xm Holdings Inc. | 22,500 | $450,000 | |
| SCHL | Scholastic Corp | 15,000 | $444,450 | |
| No positions match the current search. | ||||
95 tracked positions ·
$156,044,227 total
· filing declares
165 positions · $1,368,348,385
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 95 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| QQQ |
Invesco Qqq Trust, Series 1
PUT
+ SHARES
|
Added | 108,000 | $62,335,440 | 39.95% | |
| CSTM |
Constellium SE
Basic Materials
|
Reduced | 177,722 | $4,368,406 | 2.80% | |
| TNL |
Travel & Leisure Co.
Consumer Cyclical
|
Reduced | 51,589 | $3,569,442 | 2.29% | |
| FLEX |
Flex Ltd.
Technology
|
Added | 50,253 | $3,289,561 | 2.11% | |
| AKAM |
Akamai Technologies Inc
Technology
|
NEW | 26,886 | $3,087,857 | 1.98% | |
| GXO |
GXO Logistics, Inc.
Industrials
|
Reduced | 56,082 | $2,907,851 | 1.86% | |
| PRMB |
Primo Brands Corp
Consumer Defensive
|
Reduced | 125,606 | $2,365,160 | 1.52% | |
| GTM |
ZoomInfo Technologies Inc.
CALL
+ SHARES
Technology
|
Added | 381,655 | $2,282,296 | 1.46% | |
| FCX |
Freeport-Mcmoran Inc
CALL
Basic Materials
|
Added | 37,500 | $2,204,250 | 1.41% | |
| SPXX |
Nuveen S&P 500 Dynamic Overwrite Fund
Financial Services
|
NEW | 130,987 | $2,104,961 | 1.35% | |
| JHX |
James Hardie Industries plc
Basic Materials
|
Added | 106,127 | $2,010,045 | 1.29% | |
| FLS |
Flowserve Corp
Industrials
|
Held | 27,000 | $1,984,770 | 1.27% | |
| MU |
Micron Technology Inc
CALL
+ SHARES
Technology
|
Reduced | 5,769 | $1,948,998 | 1.25% | |
| YETI |
YETI Holdings, Inc.
Consumer Cyclical
|
Added | 52,500 | $1,920,975 | 1.23% | |
| SOLS |
Solstice Advanced Materials Inc.
Basic Materials
|
Held | 24,500 | $1,865,920 | 1.20% | |
| RH |
Rh
Consumer Cyclical
|
Reduced | 13,100 | $1,831,642 | 1.17% | |
| GMED |
Globus Medical Inc
Healthcare
|
Reduced | 20,596 | $1,774,551 | 1.14% | |
| INTC |
Intel Corp
CALL
Technology
|
Reduced | 40,000 | $1,765,200 | 1.13% | |
| QQQX |
Nuveen NASDAQ 100 Dynamic Overwrite Fund
Financial Services
|
Added | 66,113 | $1,763,233 | 1.13% | |
| AIOT |
Powerfleet, Inc.
Technology
|
Added | 552,696 | $1,702,303 | 1.09% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 2,839 | $1,624,277 | 1.04% | |
| REZI |
Resideo Technologies, Inc.
Industrials
|
NEW | 46,000 | $1,550,660 | 0.99% | |
| ORCL |
Oracle Corp
Technology
|
NEW | 10,000 | $1,471,100 | 0.94% | |
| WIW |
Western Asset Inflation-Linked Opportunities & Income Fund
Financial Services
|
Held | 170,464 | $1,442,125 | 0.92% | |
| VVR |
Invesco Senior Income Trust
Financial Services
|
Reduced | 391,950 | $1,262,079 | 0.81% | |
| NVDA |
Nvidia Corp
Technology
|
Reduced | 6,861 | $1,196,558 | 0.77% | |
| GLW |
Corning Inc /Ny
Technology
|
Added | 8,800 | $1,196,536 | 0.77% | |
| XZO |
Exzeo Group, Inc.
Financial Services
|
Added | 79,055 | $1,159,736 | 0.74% | |
| SMCI |
Super Micro Computer, Inc.
PUT
CALL
+ SHARES
Technology
|
NEW | 49,800 | $1,133,946 | 0.73% | |
| HOOD |
Robinhood Markets, Inc.
CALL
+ SHARES
Financial Services
|
NEW | 16,114 | $1,116,700 | 0.72% | |
| FIS |
Fidelity National Information Services, Inc.
Technology
|
NEW | 23,000 | $1,078,930 | 0.69% | |
| LITE |
Lumentum Holdings Inc.
Technology
|
NEW | 1,482 | $1,041,490 | 0.67% | |
| GME |
GameStop Corp.
CALL
Consumer Cyclical
|
Reduced | 45,000 | $1,036,800 | 0.66% | |
| JQC |
Nuveen Credit Strategies Income Fund
Financial Services
|
NEW | 208,434 | $1,015,073 | 0.65% | |
| WBD |
Warner Bros. Discovery, Inc.
Communication Services
|
Held | 35,000 | $961,100 | 0.62% | |
| BHF |
Brighthouse Financial, Inc.
Financial Services
|
Added | 15,750 | $943,110 | 0.60% | |
| SARO |
StandardAero, Inc.
Industrials
|
NEW | 36,503 | $942,872 | 0.60% | |
| CRCL |
Circle Internet Group, Inc.
PUT
CALL
+ SHARES
Financial Services
|
Added | 9,872 | $941,887 | 0.60% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 3,668 | $930,901 | 0.60% | |
| UBER |
Uber Technologies, Inc
Technology
|
NEW | 12,500 | $899,125 | 0.58% | |
| PLNT |
Planet Fitness, Inc.
Consumer Cyclical
|
NEW | 12,000 | $892,560 | 0.57% | |
| BABA |
Alibaba Group Holding Ltd
Consumer Cyclical
|
Reduced | 7,107 | $891,644 | 0.57% | |
| UNF |
Unifirst Corp
Industrials
|
Added | 3,500 | $880,565 | 0.56% | |
| W |
Wayfair Inc.
Consumer Cyclical
|
NEW | 11,500 | $864,915 | 0.55% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Reduced | 3,830 | $779,136 | 0.50% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 2,494 | $771,917 | 0.49% | |
| JHG |
Janus Henderson Group Ltd.
Financial Services
|
NEW | 15,000 | $770,550 | 0.49% | |
| USA |
Liberty All Star Equity Fund
Financial Services
|
Added | 138,731 | $769,957 | 0.49% | |
| HDRN |
Hadron Energy, Inc.
Industrials
|
Held | 70,000 | $745,500 | 0.48% | |
| JFR |
Nuveen Floating Rate Income Fund
Financial Services
|
NEW | 94,360 | $709,587 | 0.45% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.