Ionic Capital Management LLC

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
147
Total value ($000)
$785,886
Net value change ($000)
-172,605 (-18.0%)
New positions
33
Sold out positions
14
Turnover %
32.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VVR 1,988 NEW
CFLT 1,663 NEW
MSFT 1,499 NEW
GTM 1,198 518.6%
SOLS 1,190 NEW
CHAC 1,077 NEW
WBD 1,009 NEW
AIOT 906 48.7%
CSTM 868 26.7%
USA 785 NEW
Top Reduces (Value $000, Stocks/ETFs)
INFQ -1,608 -100.0%
MSTR -1,605 -41.5%
HPE -1,400 -100.0%
CZR -1,271 -78.4%
TDSPRU -1,148 -100.0%
ALIT -1,134 -61.3%
AMCR -988 -100.0%
SMCI -793 -100.0%
BLDR -782 -71.7%
LION -728 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 684,906 (87.2% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type