Ionic Capital Management LLC — Q4 2025 13F Holdings

Name: Ionic Capital Management LLC — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001386462

Total reported value

$1.4B

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	47.19%	+20.21%	-26.40%
2	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	18.79%	-9.37%	+50.00%
3	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	7.82%	-3.26%	—
4	EEM	Ishares Msci Emerging Market	ETF-Emerging Markets	6.96%	-2.81%	-71.43%
5	EWZ	Ishares Msci Brazil ETF	ETF-Other	2.83%	-2.29%	-41.67%
6	CSTM	Constellium SE	Stock-Other	0.52%	—	—
7	XOM	Exxon Mobil CORP	Stock-Energy	0.52%	-0.52%	EXIT
8	TNL	Travel + Leisure Co	Stock-Consumer Disc	0.52%	—	—
9	GEN	Gen Digital INC	Stock-Tech	0.51%	-0.51%	EXIT
10	GXO	Gxo Logistics INC	Stock-Industrials	0.46%	—	-12.58%
11	8QR	Confluent Inc-class A	Stock-Other	0.44%	-0.44%	EXIT
12	ON 0.5 03-01-29	On Semiconductor CORP	Stock-Tech	0.42%	—	—
13	ARRY 1 12-01-28	Array Technologies INC	Stock-Other	0.40%	—	—
14	ATMU	Atmus Filtration Technologie	Stock-Consumer Disc	0.40%	-0.40%	EXIT
15	PL	Planet Labs Pbc	Stock-Industrials	0.38%	-0.38%	EXIT
16	FLEX	Flex Ltd.	Stock-Tech	0.38%	—	—
17	VRNS 1 09-15-29	Varonis System INC	Stock-Tech	0.36%	-0.36%	EXIT
18	AIOT	Powerfleet INC	Stock-Other	0.35%	-0.23%	+46.48%
19	GMED	Globus Medical INC - A	Stock-Healthcare	0.35%	-0.22%	-32.19%
20	CRM	Salesforce INC	Stock-Tech	0.34%	-0.34%	EXIT
21	GDX	Vaneck Gold Miners ETF	ETF-Commodities	0.33%	—	-35.07%
22	RH	Rh	Stock-Consumer Disc	0.32%	—	+29.91%
23	PRMB	Primo Brands CORP	Stock-Consumer Staples	0.31%	—	+43.93%
24	MSTR 8 PERP	Strategy INC	Stock-Tech	0.29%	—	-31.83%
25	YETI	Yeti Holdings INC	Stock-Consumer Disc	0.28%	—	—
26	VVR	Invesco Senior Income Trust	Stock-Other	0.25%	—	—
27	INTC	Intel CORP	Stock-Tech	0.25%	—	-17.38%
28	FLS	Flowserve CORP	Stock-Industrials	0.24%	—	-22.86%
29	MU	Micron Technology INC	Stock-Tech	0.23%	—	-33.36%
30	IQ	Iqiyi Inc-adr	Stock-Other	0.23%	-0.23%	EXIT
31	CDE	Coeur Mining INC	Stock-Materials	0.23%	-0.23%	EXIT
32	QQQX	Nuveen Nasdaq 100 Dyn Overwr	Stock-Other	0.22%	—	-10.56%
33	MARA 0 06-01-31	Mara Holdings INC	Stock-Financials	0.21%	-0.21%	EXIT
34	MSFT	Microsoft CORP	Stock-Tech	0.19%	-0.19%	EXIT
35	COHR	Coherent CORP	Stock-Tech	0.19%	-0.19%	EXIT
36	WIW	Western Asst Infl-lnk Opp	Stock-Other	0.19%	—	+9.10%
37	NVDA	Nvidia CORP	Stock-Tech	0.18%	—	-1.84%
38	JHX	James Hardie Industries plc	Stock-Other	0.18%	—	-24.56%
39	GTM	Zoominfo Technologies INC	Stock-Tech	0.18%	-0.01%	+562.94%
40	HUBS	Hubspot INC	Stock-Tech	0.18%	-0.18%	EXIT
41	SNX	TD Synnex CORP	Stock-Tech	0.17%	-0.17%	EXIT
42	BABA	Alibaba Group Holding-sp Adr	Stock-Consumer Disc	0.17%	—	-36.91%
43	SOXX	Ishares Semiconductor ETF	ETF-Other	0.16%	—	+32.34%
44	FCX	Freeport-mcmoran INC	Stock-Materials	0.15%	+0.01%	-46.89%
45	GBTG	Global Business Travel Group	Stock-Other	0.15%	-0.15%	EXIT
46	SOLS	Solstice Adv Materials INC	Stock-Materials	0.15%	—	—
47	MAGS	Roundhill Magnificent Seven	ETF-Other	0.15%	—	—
48	GME	Gamestop Corp-class A	Stock-Consumer Disc	0.15%	—	-24.13%
49	XDIAX	Nuveen Dow 30 Dynamic Overwr	Stock-Other	0.14%	-0.14%	EXIT
50	✓		Stock-Other	0.14%	-0.14%	EXIT

1–50 of 134

Holding changes this quarter

Position changes disclosed by Ionic Capital Management LLC for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	IWM	Ishares Russell 2000 ETF	+8.7%	+50.00%	Add
2	8QR	Confluent Inc-class A	+0.3%	+74.92%	Add
3	PL	Planet Labs Pbc	+0.2%	+49.02%	Add
4	CSTM	Constellium SE	+0.2%	—	Unchanged
5	GTM	Zoominfo Technologies INC	+0.2%	+562.94%	Add
6	AIOT	Powerfleet INC	+0.2%	+46.48%	Add
7	IQ	Iqiyi Inc-adr	+0.2%	+210.22%	Add
8	GDX	Vaneck Gold Miners ETF	0%	-35.07%	Trim
9	GME	Gamestop Corp-class A	-0.1%	-24.13%	Trim
10	CRWV	Coreweave Inc-cl A	-0.1%	-56.68%	Trim
11	WOLF	Wolfspeed INC	-0.1%	-48.96%	Trim
12	BABA	Alibaba Group Holding-sp Adr	-0.1%	-36.91%	Trim
13	ALIT	Alight INC - Class A	-0.1%	-35.23%	Trim
14	MSTR	Strategy INC	-0.1%	-26.08%	Trim
15	MSTR 8 PERP	Strategy INC	-0.1%	-31.83%	Trim
16	CORZ	Core Scientific INC	-0.1%	-70.59%	Trim
17	CZR	Caesars Entertainment INC	-0.1%	-75.00%	Trim
18	CDE	Coeur Mining INC	-0.4%	-66.67%	Trim
19	EWZ	Ishares Msci Brazil ETF	-1.1%	-41.67%	Trim
20	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	-5.8%	-26.40%	Trim
21	EEM	Ishares Msci Emerging Market	-12.5%	-71.43%	Trim
22	QQQ	Invesco Qqq Trust Series 1	—	NEW	New buy
23	XOM	Exxon Mobil CORP	—	NEW	New buy
24	ARRY 1 12-01-28	Array Technologies INC	—	NEW	New buy
25	VRNS 1 09-15-29	Varonis System INC	—	NEW	New buy
26	CRM	Salesforce INC	—	NEW	New buy
27	VVR	Invesco Senior Income Trust	—	NEW	New buy
28	MARA 0 06-01-31	Mara Holdings INC	—	NEW	New buy
29	✓		—	EXIT	Sold out
30	AMCR	Amcor plc	—	EXIT	Sold out
31	MSFT	Microsoft CORP	—	NEW	New buy
32	SBSW	Sibanye-stillwater Ltd-adr	—	EXIT	Sold out
33	GOOGL	Alphabet Inc-cl A	—	EXIT	Sold out
34	HPE	Hewlett Packard Enterprise	—	EXIT	Sold out
35	AUR	Aurora Innovation INC	—	EXIT	Sold out
36	SOLS	Solstice Adv Materials INC	—	NEW	New buy
37	TDS	Telephone And Data Systems	—	EXIT	Sold out
38	✓		—	NEW	New buy
39	WBD	Warner Bros Discovery INC	—	NEW	New buy
40	KGC	Kinross Gold CORP	—	NEW	New buy
41	AMAT	Applied Materials INC	—	EXIT	Sold out
42	JD	Jd.com Inc-adr	—	EXIT	Sold out
43	MARA	Mara Holdings INC	—	NEW	New buy
44	LRCX	Lam Research CORP	—	EXIT	Sold out
45	PDD	Pdd Holdings INC	—	EXIT	Sold out
46	COMP	Compass INC - Class A	—	EXIT	Sold out
47	GLXY	Galaxy Digital Inc-a	—	NEW	New buy
48	SMCI	Super Micro Computer INC	—	EXIT	Sold out
49	CAMT	Camtek Ltd.	—	EXIT	Sold out
50	USA	Liberty All Star Equity Fund	—	NEW	New buy