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Ionic Capital Management LLC — 13F Holdings & Portfolio

CIK 1386462 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Ionic Capital Management LLC manages $690.3M in 13F-reported U.S. long-equity assets across 120 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are HYG (81.09%), FLEX (0.95%), EWZ (0.92%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 22 new positions and exited 60; 33 existing positions rose in reported value and 39 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$690.3M

Long-equity book

Holdings
120

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+22 / −60 / ↑33 / ↓39

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
FLEX6.1% · -20%U4.6% · +74%ETSY4.3% · newAKAM3.8% · +29%TNL3.3% · -11%CSTM3.3% · -38%META2.9% · +93%JHX2.9% · +9%GXO2.7% · 0%ORCL2.7% · +93%YETI2.6% · +5%FIS2.3% · +170%ALAB2.2% · +80%FLS2.2% · +15%MU2.1% · -31%GMED2.1% · +35%PRMB2.1% · -29%SOLS2.0% · 0%COF1.8% · newREZI1.8% · +37%XZO1.8% · +47%STRK1.8% · -12%SARO1.8% · +78%AIOT1.5% · -23%AVGO1.4% · +62%ITT1.4% · newSPXX1.3% · -42%RH1.3% · -34%QQQX1.2% · -34%CRDO1.1% · +31%AMD1.0% · -50%AAPL1.0% · 0%EWY0.9% · +49%WIW0.9% · -33%CLSK0.9% · +26%BRSL0.9% · newDSGX0.8% · newMSI0.8% · newBE0.8% · newSMCIP0.8% · newORCLPD0.7% · -40%LITE0.7% · -43%GDX0.7% · -54%MAGS0.7% · -30%NVDA0.7% · -49%MANU0.6% · -26%NAK0.6% · -25%CRWV0.6% · -5%WBD0.6% · -33%HOOD0.6% · 0%BABA0.6% · -12%APP0.5% · 0%ZIM0.5% · +1%BHF0.5% · -49%AMZN0.4% · 0%UNH0.4% · 0%PYPL0.4% · -30%CLS0.4% · +19%HYT0.4% · -33%BATRK0.4% · -21%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 36.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Assets Under Management
$3.87B
Discretionary
$3.87B
Employees
34
Accounts
21
Address
475 FIFTH AVENUE
9TH FLOOR
NEW YORK, NY 10017
Phone
(212) 294-8500
Website
Name Title / Status Ownership Type
BAUM, BART, ETHAN ControlPRINCIPAL, PORTFOLIO MANAGER, CHIEF INVESTMENT OFFICERLess than 5%Individual
BAUM, BART, ETHAN ControlLIMITED PARTNER25–50%Individual
BAUM, BART, ETHAN ControlMANAGING MEMBER25–50%Individual
BEGLEY, MATTHEW, GRIFFIN ControlCHIEF FINANCIAL OFFICERLess than 5%Individual
IONIC CAPITAL MANAGEMENT HOLDINGS LP ControlSOLE MEMBER OF IONIC CAPITAL MANAGEMENT LLC75% or moreDomestic Entity
IONIC HOLDCO GP LLC ControlGENERAL PARTNERGeneral partnerDomestic Entity
PRETASH, NUCULAJ ControlCHIEF TECHNOLOGY OFFICERLess than 5%Individual
RICHARDSON, JOHN, CHRISTOPHER ControlCHIEF OPERATING OFFICER AND GENERAL COUNSELLess than 5%Individual
STONE, DANIEL, LAZARD ControlPRINCIPAL, PORTFOLIO MANAGERLess than 5%Individual
STONE, DANIEL, LAZARD ControlLIMITED PARTNER25–50%Individual
STONE, DANIEL, LAZARD ControlMANAGING MEMBER25–50%Individual
VECCHIO, STEVEN, GERARD ControlCHIEF COMPLIANCE OFFICER AND ASSOCIATE GENERAL COUNSELLess than 5%Individual
BAUM, LAWRENCE, JOSEPHCHIEF RISK OFFICERLess than 5%Individual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 33 →

Top Trims

Show all 39 →

New Positions

Show all 22 →

Exited Positions

Show all 60 →

Ionic Capital Management LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES TR Put HYG 464288513 $559.8M 81.09% 7,000,000 SH
2 FLEX LTD FLEX Y2573F102 $6.5M 0.95% 40,253 SH
3 ISHARES INC Put EWZ 464286400 $6.4M 0.92% 184,600 SH
4 ISHARES INC Call EWZ 464286400 $5.5M 0.80% 159,500 SH
5 UNITY SOFTWARE INC U 91332UAH4 $4.9M 0.71% 4,350,000 PRN
6 ETSY INC ETSY 29786AAQ9 $4.6M 0.66% 3,925,000 PRN
7 AKAMAI TECHNOLOGIES INC AKAM 00971T101 $4.1M 0.59% 34,686 SH
8 NEWMONT CORP Call NEM 651639106 $3.7M 0.53% 39,400 SH
9 TRAVEL PLUS LEISURE CO TNL 894164102 $3.5M 0.51% 46,089 SH
10 CONSTELLIUM SE CSTM F21107101 $3.5M 0.51% 109,822 SH
11 META PLATFORMS INC META 30303M102 $3.1M 0.45% 5,489 SH
12 JAMES HARDIE INDS PLC JHX G4253H101 $3.0M 0.44% 116,127 SH
13 GXO LOGISTICS INCORPORATED GXO 36262G101 $2.8M 0.41% 56,082 SH
14 ORACLE CORP ORCL 68389X105 $2.8M 0.41% 19,306 SH
15 YETI HLDGS INC YETI 98585X104 $2.7M 0.39% 55,000 SH
16 FIDELITY NATL INFORMATION SV FIS 31620M106 $2.4M 0.35% 62,000 SH
17 ASTERA LABS INC ALAB 04626A103 $2.3M 0.34% 4,865 SH
18 FLOWSERVE CORP FLS 34354P105 $2.3M 0.33% 31,000 SH
19 MICRON TECHNOLOGY INC MU 595112103 $2.2M 0.32% 1,918 SH
20 GLOBUS MED INC GMED 379577208 $2.2M 0.32% 27,796 SH
21 PRIMO BRANDS CORPORATION PRMB 741623102 $2.2M 0.32% 89,606 SH
22 SOLSTICE ADVANCED MATLS INC SOLS 83443Q103 $2.2M 0.31% 24,500 SH
23 CAPITAL ONE FINL CORP COF 14040H105 $2.0M 0.28% 9,800 SH
24 RESIDEO TECHNOLOGIES INC REZI 76118Y104 $2.0M 0.28% 63,095 SH
25 EXZEO GROUP INC XZO 30234F101 $2.0M 0.28% 116,077 SH
26 STRATEGY INC STRK 594972887 $1.9M 0.28% 33,059 SH
27 STANDARDAERO INC SARO 85423L103 $1.9M 0.28% 65,003 SH
28 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $1.9M 0.27% 2,500 SH
29 POWERFLEET INC AIOT 73931J109 $1.6M 0.24% 423,936 SH
30 BROADCOM INC AVGO 11135F101 $1.5M 0.22% 4,037 SH
31 ITT INC ITT 45073V108 $1.5M 0.21% 7,500 SH
32 NUVEEN S&P 500 DYNAMIC OVERW SPXX 6706EW100 $1.4M 0.21% 76,369 SH
33 RH RH 74967X103 $1.4M 0.21% 8,628 SH
34 STRATEGY INC Put MSTR 594972408 $1.3M 0.19% 15,200 SH
35 NUVEEN NASDAQ 100 DYNAMIC OV QQQX 670699107 $1.3M 0.19% 43,447 SH
36 CREDO TECHNOLOGY GROUP HOLDI CRDO G25457105 $1.2M 0.17% 4,325 SH
37 ARM HOLDINGS PLC Put ARM 042068205 $1.1M 0.16% 3,200 SH
38 ADVANCED MICRO DEVICES INC AMD 007903107 $1.1M 0.16% 1,898 SH
39 APPLE INC AAPL 037833100 $1.1M 0.15% 3,668 SH
40 ISHARES INC EWY 464286772 $1.0M 0.15% 5,002 SH
41 COREWEAVE INC Put CRWV 21873S108 $995.4K 0.14% 10,000 SH
42 WESTERN AST INFL LKD OPP & I WIW 95766R104 $964.2K 0.14% 114,788 SH
43 CLEANSPARK INC CLSK 18452B209 $957.4K 0.14% 65,800 SH
44 BRIGHTSTAR LOTTERY PLC BRSL G4863A108 $942.5K 0.14% 87,916 SH
45 DESCARTES SYS GROUP INC DSGX 249906108 $900.1K 0.13% 13,000 SH
46 MOTOROLA SOLUTIONS INC MSI 620076307 $892.9K 0.13% 2,150 SH
47 STRATEGY INC Call MSTR 594972408 $869.3K 0.13% 10,000 SH
48 BLOOM ENERGY CORP BE 093712107 $827.9K 0.12% 2,735 SH
49 SUPER MICRO COMPUTER INC SMCIP 86800U500 $818.8K 0.12% 15,758 SH
50 ORACLE CORP ORCLPD 68389X204 $741.7K 0.11% 16,500 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $690.3M 120 0000929638-26-003067
2026-03-31 2026-05-15 $1.37B 165 0000929638-26-001894
2025-12-31 2026-02-17 $785.9M 147 0000929638-26-000662
2025-09-30 2025-11-14 $958.5M 130 0000929638-25-004285
Filer Information
Address
475 FIFTH AVENUE
9TH FLOOR
NEW YORK, NY 10017
Phone
(212) 294-8531
Filing Manager
Ionic Capital Management LLC
NEW YORK, NY
Signatory
Steven Vecchio
Chief Compliance Officer and Associate General Counsel