Ionic Capital Management LLC

Registered adviser

CIK

1386462

Location

NEW YORK, NY

Portfolio Value

Small $679,967,039

Diversification

Highly concentrated

Filing Date

Global Rank

#3,203 / 8,818 ▼ 1308

Top Industry

Semiconductors 10.2%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 156400

Roster of Oct 1, 2026

Regulatory AUM

$3,865,359,381

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

8 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$3,959,546,820 gross assets

LEI

4UJF10TOKE4E4R4DA778

Private funds on Schedule D 7.B.(1)

As filed Aug 27, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$2,825,943,018 gross assets in 6 funds Hedge funds $2,825,943,018 (6)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Sep 2026 to Oct 2026	$3,865,359,381	Pooled investment vehicles (100%)
Apr 2026 to Aug 2026	$3,865,359,381	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$4,101,236,265	Pooled investment vehicles (100%)
Sep 2024 to Mar 2025	$3,030,399,721	Pooled investment vehicles (100%)
Apr 2024 to Aug 2024	$3,030,399,721	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$3,702,865,216	Pooled investment vehicles (100%)

5 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 35.9%, 42.9 effective positions, active share 87.2% against the Nasdaq-100 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

93.3% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 7.0 quarters (4 to under 12)

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 87.2%; sector active share 24.8% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

104 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

82.5%

−0.6 pts

Top 5

86.5%

−6.6 pts

Top 10

88.9%

−5.2 pts

HHI

6,820

Highly concentrated−135

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	84.8%	$576,769,340	8
Technology	6.0%	$41,039,526	31
Financial Services	2.0%	$13,664,629	21
Basic Materials	2.0%	$13,450,872	6
Industrials	1.9%	$13,135,938	15
Consumer Cyclical	1.4%	$9,693,288	7
Communication Services	1.0%	$6,489,886	8
Healthcare	0.5%	$3,531,128	5
Consumer Defensive	0.3%	$2,192,053	2
Utilities	0.0%	$379	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

21 positions

Ticker	Company	Δ Shares	Shares	Value
FIS	Fidelity National Information Services, Inc.	+39,000	62,000	$2,410,560
XZO	Exzeo Group, Inc.	+37,022	116,077	$1,958,218
HDRN	Hadron Energy, Inc.	+35,896	105,896	$214,968
SARO	StandardAero, Inc.	+28,500	65,003	$1,944,239
REZI	Resideo Technologies, Inc.	+17,095	63,095	$1,962,253
CLSK	Cleanspark, Inc.	+13,400	65,800	$957,390
JHX	James Hardie Industries plc	+10,000	116,127	$3,040,204
ORCL	Oracle Corp	+9,306	19,306	$2,829,294
AKAM	Akamai Technologies Inc	+7,800	34,686	$4,100,232
GMED	Globus Medical Inc	+7,200	27,796	$2,196,161
FLS	Flowserve Corp	+4,000	31,000	$2,298,960
SLV	iShares Silver Trust	+3,000	7,300	$390,331
META	Meta Platforms, Inc.	+2,650	5,489	$3,091,898
YETI	YETI Holdings, Inc.	+2,500	55,000	$2,725,800
ALAB	Astera Labs, Inc.	+2,165	4,865	$2,349,892
CORZ	Core Scientific, Inc.	+2,000	16,000	$409,440
EWY	iShares Trust	+1,647	5,002	$1,009,903
AVGO	Broadcom Inc.	+1,543	4,037	$1,524,976
CRDO	Credo Technology Group Holding Ltd	+1,025	4,325	$1,176,183
ZIM	ZIM Integrated Shipping Services Ltd.	+268	20,268	$526,968
CLS	Celestica Inc	+200	1,233	$449,798
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AUROW	Aurora Innovation, Inc.	−486,257	44,298	$14,180
KWMWW	Nexus Advanced Technologies Inc.	−146,760	253,240	$5,014
AIOT	Powerfleet, Inc.	−128,760	423,936	$1,623,674
NAK	Northern Dynasty Minerals Ltd	−113,314	345,686	$663,717
SPRO	Spero Therapeutics, Inc.	−93,241	102,698	$226,962
RNWWW	ReNew Energy Global plc	−73,440	126,560	$379
CSTM	Constellium SE	−67,900	109,822	$3,500,027
GENVR	Gen Digital Inc.	−67,746	99,164	$125,442
DRTSW	Alpha Tau Medical Ltd.	−64,162	54,286	$160,144
VWAVW	VisionWave Holdings, Inc.	−59,186	26,995	$18,492
WIW	Western Asset Inflation-Linked Opportunities & Income Fund	−55,676	114,788	$964,219
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	−54,618	76,369	$1,423,518
PRMB	Primo Brands Corp	−36,000	89,606	$2,189,970
HPAIW	Helport AI Ltd	−35,059	47,581	$1,437
BRLSW	Borealis Foods Inc.	−25,578	44,422	$2,083
HYT	Blackrock Corporate High Yield Fund, Inc.	−25,568	52,431	$448,809
QQQX	Nuveen NASDAQ 100 Dynamic Overwrite Fund	−22,666	43,447	$1,309,492
—		−15,170	31,230	$419,107
NFJ	Virtus Dividend, Interest & Premium Strategy Fund	−13,112	26,888	$408,428
HYI	Western Asset High Yield Opportunity Fund Inc.	−11,725	23,973	$254,832
WBD	Warner Bros. Discovery, Inc.	−11,463	23,537	$627,496
GDX	VanEck Gold Miners ETF	−11,100	9,542	$719,943
MANU	Manchester United plc	−10,166	29,214	$669,877
FLEX	Flex Ltd.	−10,000	40,253	$6,523,803
BHF	Brighthouse Financial, Inc.	−7,741	8,009	$506,969
No positions match the current search.

New Positions

Positions the filer opened this quarter

20 positions

Ticker	Company	Shares	Value
COF	Capital One Financial Corp	9,800	$1,966,076
ITT	Itt Inc.	7,500	$1,483,200
BRSL	Brightstar Lottery PLC	87,916	$942,459
DSGX	Descartes Systems Group Inc	13,000	$900,120
MSI	Motorola Solutions, Inc.	2,150	$892,873
BE	Bloom Energy Corp	2,735	$827,884
SMCIP	Super Micro Computer, Inc.	15,758	$818,785
NSC	Norfolk Southern Corp	1,346	$423,438
GSAT	Globalstar, Inc.	5,203	$422,951
AA	Alcoa Corp	7,600	$396,264
GOOG	Alphabet Inc.	1,024	$361,809
APLD	Applied Digital Corp.	8,755	$326,561
VSH	Vishay Intertechnology Inc	5,000	$268,900
IRHO	Iron Horse Acquisition II Corp.	18,875	$189,316
AIRJW	AirJoule Technologies Corp.	67,917	$88,292
SZZLR	Sizzle Acquisition Corp. II	295,887	$48,082
SZZL	Sizzle Acquisition Corp. II	3,366	$34,871
IRHOR	Iron Horse Acquisition II Corp.	125,327	$20,153
RKT	Rocket Companies, Inc.	1,266	$19,939
HDRNW	Hadron Energy, Inc.	41,482	$6,703
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
IWM	iShares Russell 2000 ETF	20,000	$4,960,000
QQQ	Invesco Qqq Trust, Series 1	8,000	$4,617,440
GTM	ZoomInfo Technologies Inc.	341,655	$2,043,096
VVR	Invesco Senior Income Trust	391,950	$1,262,079
GLW	Corning Inc	8,800	$1,196,536
JQC	Nuveen Credit Strategies Income Fund	208,434	$1,015,073
UBER	Uber Technologies, Inc	12,500	$899,125
PLNT	Planet Fitness, Inc.	12,000	$892,560
UNF	Unifirst Corp	3,500	$880,565
W	Wayfair Inc.	11,500	$864,915
—		15,000	$770,550
USA	Liberty All Star Equity Fund	138,731	$769,957
DBRHP	DigitalBridge Group, Inc.	44,500	$721,790
JFR	Nuveen Floating Rate Income Fund	94,360	$709,587
SNDK	Sandisk Corp	1,074	$682,355
ILLUU	Illumination Acquisition Corp. I	65,000	$644,800
NOK	Nokia Corp	75,000	$603,000
NEM	NEWMONT Corp	5,500	$595,375
OKLO	Oklo Inc.	9,264	$459,401
RGNX	REGENXBIO Inc.	41,500	$347,770
ARRY	Array Technologies, Inc.	45,000	$325,350
EFT	Eaton Vance Floating-Rate Income Trust	30,000	$321,900
GLD	Spdr Gold Trust	700	$301,203
PAYP	PayPay Corp	10,000	$213,400
XNDU	Xanadu Quantum Technologies Ltd	27,500	$210,650
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

104 tracked positions · $679,967,039 total · filing declares 120 positions · $690,339,108 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 104 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
HYG	iShares iBoxx $ High Yield Corporate Bond ETF PUT	Reduced	7,000,000	-4,592,800	$559,790,000	−39.3%	—	—	82.33%
EWZ	iShares MSCI Brazil ETF PUT CALL	Added	344,100	+150,000	$11,871,450	+59.3%	—	—	1.75%
FLEX	Flex Ltd. Technology	Reduced	40,253	-10,000	$6,523,803	+98.3%	23	$14.10	0.96%
AKAM	Akamai Technologies Inc Technology	Added	34,686	+7,800	$4,100,232	+32.8%	2	$105.70	0.60%
NEM	NEWMONT Corp CALL Basic Materials	Added	39,400	+33,900	$3,679,960	+518.1%	—	—	0.54%
TNL	Travel & Leisure Co. Consumer Cyclical	Reduced	46,089	-5,500	$3,522,582	−1.3%	22	$48.20	0.52%
CSTM	Constellium SE Basic Materials	Reduced	109,822	-67,900	$3,500,027	−19.9%	25	$13.06	0.51%
META	Meta Platforms, Inc. Communication Services	Added	5,489	+2,650	$3,091,898	+90.4%	5	$622.19	0.45%
JHX	James Hardie Industries plc Basic Materials	Added	116,127	+10,000	$3,040,204	+51.3%	4	$23.32	0.45%
GXO	GXO Logistics, Inc. Industrials	Held	56,082	0	$2,843,357	−2.2%	17	$46.42	0.42%
ORCL	Oracle Corp Technology	Added	19,306	+9,306	$2,829,294	+92.3%	2	$171.56	0.42%
YETI	YETI Holdings, Inc. Consumer Cyclical	Added	55,000	+2,500	$2,725,800	+41.9%	5	$32.46	0.40%
FIS	Fidelity National Information Services, Inc. Technology	Added	62,000	+39,000	$2,410,560	+123.4%	2	$47.17	0.35%
ALAB	Astera Labs, Inc. Technology	Added	4,865	+2,165	$2,349,892	+694.1%	2	$197.14	0.35%
FLS	Flowserve Corp Industrials	Added	31,000	+4,000	$2,298,960	+15.8%	6	$55.75	0.34%
MSTR	Strategy Inc PUT CALL + SHARES Technology	Added	26,216	+21,200	$2,278,956	+264.1%	7	$338.47	0.34%
MU	Micron Technology Inc Technology	Reduced	1,918	-3,851	$2,213,928	+13.6%	4	$127.95	0.33%
GMED	Globus Medical Inc Healthcare	Added	27,796	+7,200	$2,196,161	+23.8%	10	$64.99	0.32%
PRMB	Primo Brands Corp Consumer Defensive	Reduced	89,606	-36,000	$2,189,970	−7.4%	5	$24.78	0.32%
SOLS	Solstice Advanced Materials Inc. Basic Materials	Held	24,500	0	$2,170,700	+16.3%	3	$47.08	0.32%
COF	Capital One Financial Corp Financial Services	NEW	9,800	NEW	$1,966,076	NEW	1	$191.29	0.29%
REZI	Resideo Technologies, Inc. Industrials	Added	63,095	+17,095	$1,962,253	+26.5%	2	$35.35	0.29%
XZO	Exzeo Group, Inc. Financial Services	Added	116,077	+37,022	$1,958,218	+68.9%	3	$16.93	0.29%
STRK	Strategy Inc Technology	Reduced	33,059	-4,713	$1,944,530	−27.2%	6	$90.68	0.29%
SARO	StandardAero, Inc. Industrials	Added	65,003	+28,500	$1,944,239	+106.2%	2	$28.28	0.29%
SPY	Spdr S&P 500 ETF Trust PUT	NEW	2,500	NEW	$1,866,925	NEW	—	—	0.27%
CRWV	CoreWeave, Inc. PUT + SHARES Technology	Added	16,370	+9,663	$1,629,469	+213.6%	4	$102.26	0.24%
AIOT	Powerfleet, Inc. Technology	Reduced	423,936	-128,760	$1,623,674	−4.6%	6	$5.11	0.24%
AVGO	Broadcom Inc. Technology	Added	4,037	+1,543	$1,524,976	+97.6%	5	$300.70	0.22%
ITT	Itt Inc. Industrials	NEW	7,500	NEW	$1,483,200	NEW	1	$202.20	0.22%
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund Financial Services	Reduced	76,369	-54,618	$1,423,518	−32.4%	2	$17.54	0.21%
RH	Rh Consumer Cyclical	Reduced	8,628	-4,472	$1,421,290	−22.4%	6	$233.13	0.21%
QQQX	Nuveen NASDAQ 100 Dynamic Overwrite Fund Financial Services	Reduced	43,447	-22,666	$1,309,492	−25.7%	12	$24.02	0.19%
CRDO	Credo Technology Group Holding Ltd Technology	Added	4,325	+1,025	$1,176,183	+279.7%	2	$139.69	0.17%
ARM	Arm Holdings PLC PUT Technology	Reduced	3,200	-800	$1,134,624	+87.5%	—	—	0.17%
AMD	Advanced Micro Devices Inc Technology	Reduced	1,898	-1,932	$1,102,567	+41.5%	8	$164.76	0.16%
AAPL	Apple Inc. Technology	Held	3,668	0	$1,061,372	+14.0%	4	$229.41	0.16%
EWY	iShares Trust	Added	5,002	+1,647	$1,009,903	—	2	unpriced	0.15%
WIW	Western Asset Inflation-Linked Opportunities & Income Fund Financial Services	Reduced	114,788	-55,676	$964,219	−33.1%	8	$8.65	0.14%
CLSK	Cleanspark, Inc. Financial Services	Added	65,800	+13,400	$957,390	+114.7%	2	$11.39	0.14%
BRSL	Brightstar Lottery PLC Consumer Cyclical	NEW	87,916	NEW	$942,459	NEW	1	$11.88	0.14%
DSGX	Descartes Systems Group Inc Technology	NEW	13,000	NEW	$900,120	NEW	1	$71.40	0.13%
MSI	Motorola Solutions, Inc. Technology	NEW	2,150	NEW	$892,873	NEW	1	$418.57	0.13%
BE	Bloom Energy Corp Industrials	NEW	2,735	NEW	$827,884	NEW	1	$256.21	0.12%
SMCIP	Super Micro Computer, Inc. Technology	NEW	15,758	NEW	$818,785	NEW	1	unpriced	0.12%
LITE	Lumentum Holdings Inc. Technology	Reduced	842	-640	$722,486	−30.6%	2	$549.36	0.11%
GDX	VanEck Gold Miners ETF	Reduced	9,542	-11,100	$719,943	−62.0%	6	unpriced	0.11%
MAGS	Roundhill Magnificent Seven ETF	Reduced	11,033	-4,802	$709,421	−22.7%	4	unpriced	0.10%
NVDA	Nvidia Corp Technology	Reduced	3,518	-3,343	$703,916	−41.2%	8	$139.22	0.10%
MANU	Manchester United plc Communication Services	Reduced	29,214	-10,166	$669,877	+1.1%	17	$14.81	0.10%

Showing the top 50 of 104 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.