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Ionic Capital Management LLC

Q4 2025 · Filed 2026-02-17
Market Value
$86M
+6.8%
Holdings
105
-1
New Purchases
34
Added To
12
Closed
13
Reduced
32
Top 10 Concentration
36.1%
Turnover
44.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VVR 2.32% 0.00% +2.32% $2M
CFLT 1.94% 0.00% +1.94% $2M
MSFT 1.75% 0.00% +1.75% $1M
SOLS 1.39% 0.00% +1.39% $1M
ZI 1.67% 0.29% +1.38% $1M
CHAC 1.26% 0.00% +1.26% $1M
WBD 1.18% 0.00% +1.18% $1M
USA 0.92% 0.00% +0.92% $785K
PWFL 3.23% 2.32% +0.91% $3M
0YY7.L 0.80% 0.00% +0.80% $683K
AEM 0.79% 0.00% +0.79% $678K
CSTM 4.81% 4.06% +0.75% $4M
BXMX 0.74% 0.00% +0.74% $630K
HYT 0.68% 0.00% +0.68% $578K
AVY 0.64% 0.00% +0.64% $546K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
STRK 2.65% 4.83% -2.18% $2M
CCCX 0.00% 2.01% -2.01% $0
HPE 0.00% 1.75% -1.75% $0
CZR 0.41% 2.02% -1.61% $351K
ALIT 0.84% 2.31% -1.47% $717K
TDS 0.00% 1.43% -1.43% $0
BLDR 0.36% 1.36% -1.00% $309K
SMCI 0.00% 0.99% -0.99% $0
GXO 4.22% 5.18% -0.96% $4M
CRWV 0.28% 1.20% -0.92% $236K
SBET 0.21% 1.10% -0.90% $178K
PENN 0.17% 0.96% -0.79% $148K
COOP 0.00% 0.74% -0.74% $0
COHR 1.73% 2.42% -0.69% $1M
CIFR 0.57% 1.26% -0.68% $490K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 12 $13M 14.6%
Large Cap 29 $22M 26.1%
Mid Cap 27 $33M 38.7%
Small Cap 25 $15M 17.8%
Micro Cap 12 $2M 2.7%

Portfolio Analytics

Avg Market Cap
$236.4B
Median Market Cap
$4.9B
Avg P/E
48.5
Median P/E
27.5
Avg Dividend Yield
0.01%
Avg Beta
1.86
# Stocks
93
# ETFs / Funds
12

Top Holdings (105 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CSTM 4.81% 218,566 $4M $18.85 $868K
2 TNL 4.75% 57,589 $4M $70.53 $636K
3 GXO 4.22% 68,582 $4M $52.64 -$539K -9,867 -12.6%
4 ATMU 3.64% 60,003 $3M $51.91 $33K -8,352 -12.2%
5 FLEX 3.48% 49,253 $3M $60.42 $121K
6 PWFL 3.23% 519,977 $3M $5.32 $906K +165,000 +46.5%
7 GMED 3.22% 31,596 $3M $87.31 $90K -15,000 -32.2%
8 GDX 2.99% 29,864 $3M $85.77 -$188K -6,127 -17.0%
9 RH 2.91% 13,900 $2M $179.15 $316K +3,200 +29.9%
10 PRMB 2.82% 147,438 $2M $16.35 $147K +45,000 +43.9%
11 STRK 2.65% 28,772 $2M $78.76 -$2M -13,437 -31.8%
12 YETI 2.55% 49,500 $2M $44.17 $544K
13 VVR 2.32% 608,000 $2M $3.27 +608,000 NEW
14 FLS 2.19% 27,000 $2M $69.38 $13K -8,000 -22.9%
15 MU 2.14% 6,418 $2M $285.41 $220K -3,213 -33.4%
16 QQQX 2.06% 61,842 $2M $28.52 -$135K -7,304 -10.6%
17 CFLT 1.94% 55,000 $2M $30.24 +55,000 NEW
18 MSFT 1.75% 3,100 $1M $483.62 +3,100 NEW
19 COHR 1.73% 8,000 $1M $184.57 -$462K -10,000 -55.6%
20 WIW 1.71% 170,464 $1M $8.59 $75K +14,224 +9.1%
21 NVDA 1.70% 7,791 $1M $186.50 -$28K -146 -1.8%
22 ZI 1.67% 140,504 $1M $10.17 $1M +119,310 +562.9%
23 SNX 1.60% 9,100 $1M $150.23 -$123K
24 BABA 1.54% 8,994 $1M $146.58 -$461K -962 -9.7%
25 SOXX 1.48% 4,215 $1M $301.15 $406K +1,030 +32.3%
26 GBTG 1.41% 158,007 $1M $7.65 -$149K -10,000 -6.0%
27 SOLS 1.39% 24,500 $1M $48.58 +24,500 NEW
28 MAGS 1.37% 17,762 $1M $65.96 $20K
29 DIAX 1.29% 72,133 $1M $15.26 $23K -274 -0.4%
30 CHAC 1.26% 100,000 $1M $10.77 +100,000 NEW
31 AMD 1.24% 4,948 $1M $214.16 $390K +808 +19.5%
32 AAPL 1.23% 3,866 $1M $271.86 $148K +318 +9.0%
33 AVGO 1.19% 2,951 $1M $346.10 $23K -76 -2.5%
34 WBD 1.18% 35,000 $1M $28.82 +35,000 NEW
35 PLTR 1.10% 5,282 $939K $177.75 -$25K
36 USA 0.92% 125,000 $785K $6.28 +125,000 NEW
37 TSLA 0.87% 1,650 $742K $449.72 $8K
38 ALIT 0.84% 367,752 $717K $1.95 -$1M -200,000 -35.2%
39 META 0.83% 1,075 $710K $660.09 -$245K -225 -17.3%
40 0YY7.L 0.80% 44,500 $683K $15.34 +44,500 NEW
41 AEM 0.79% 4,000 $678K $169.53 +4,000 NEW
42 BHF 0.74% 9,750 $632K $64.79 $48K -1,250 -11.4%
43 BXMX 0.74% 42,861 $630K $14.70 +42,861 NEW
44 MANU 0.73% 39,380 $627K $15.92 $109K +5,200 +15.2%
45 NAK 0.71% 309,000 $609K $1.97 -$12K -208,500 -40.3%
46 HYT 0.68% 65,000 $578K $8.90 +65,000 NEW
47 AVY 0.64% 3,000 $546K $181.88 +3,000 NEW
48 GLW 0.61% 6,000 $525K $87.56 $33K
49 CIFR 0.57% 33,200 $490K $14.76 -$517K -46,800 -58.5%
50 UNF 0.56% 2,500 $482K $192.90 +2,500 NEW
51 AMZN 0.55% 2,050 $473K $230.82 $23K
52 SPRO 0.53% 195,939 $457K $2.33 $64K -12,786 -6.1%
53 SIRI 0.53% 22,500 $450K $20.00 -$248K -7,500 -25.0%
54 SCHL 0.52% 15,000 $444K $29.63 +15,000 NEW
55 IQ 0.52% 231,424 $444K $1.92 +231,424 NEW
56 WOLF 0.52% 25,519 $444K $17.41 +25,519 NEW
57 ETHA 0.49% 18,672 $419K $22.43 -$508K -10,750 -36.5%
58 UNH 0.49% 1,268 $419K $330.11 +1,268 NEW
59 KGC 0.48% 14,500 $408K $28.16 +14,500 NEW
60 CEPT 0.46% 35,000 $394K $11.26 +35,000 NEW
61 CORZ 0.43% 25,000 $364K $14.56 +25,000 NEW
62 CZR 0.41% 15,000 $351K $23.39 -$1M -45,000 -75.0%
63 XZO 0.38% 13,519 $328K $24.25 +13,519 NEW
64 BLDR 0.36% 3,000 $309K $102.89 -$783K -6,000 -66.7%
65 SSTK 0.34% 15,381 $294K $19.10 +15,381 NEW
66 BBAI 0.34% 54,000 $292K $5.40 +54,000 NEW
67 COIN 0.33% 1,252 $283K $226.14 -$221K -242 -16.2%
68 VWAVW 0.30% 221,898 $260K $1.17 $210K +100,900 +83.4%
69 BE 0.30% 2,987 $260K $86.89 +2,987 NEW
70 GETY 0.29% 185,000 $248K $1.34 +185,000 NEW
71 USO 0.29% 3,528 $244K $69.16 +3,528 NEW
72 CRWV 0.28% 3,292 $236K $71.61 -$722K -3,708 -53.0%
73 CRCL 0.27% 2,928 $232K $79.30 +2,928 NEW
74 MSTR 0.25% 1,419 $216K $151.95 -$429K -583 -29.1%
75 HYI 0.25% 19,113 $213K $11.16 +19,113 NEW
76 SBET 0.21% 19,875 $178K $8.94 -$707K -32,125 -61.8%
77 KDKRW 0.18% 101,015 $155K $1.53 +101,015 NEW
78 PENN 0.17% 10,000 $148K $14.75 -$623K -30,000 -75.0%
79 FCX 0.15% 2,500 $127K $50.79 +2,500 NEW
80 AUROW 0.14% 538,267 $121K $0.23 -$252K -105,500 -16.4%
81 ACHR-WT 0.11% 81,329 $93K $1.15 $55K +63,968 +368.5%
82 OPEN 0.08% 12,000 $70K $5.83 -$75K -6,227 -34.2%
83 BGLWW 0.07% 134,194 $57K $0.42 $44K +106,923 +392.1%
84 EVLVW 0.06% 197,268 $53K $0.27 -$91K
85 BZAIW 0.04% 84,427 $34K $0.40 -$41K -35,173 -29.4%
86 GEN 0.04% 1,116 $30K $27.19 -$1K
87 NUAIW 0.03% 31,068 $25K $0.82 +31,068 NEW
88 KWMWW 0.01% 400,000 $12K $0.03 -$46K
89 GLXY 0.01% 500 $11K $22.36 +500 NEW
90 BTMWW 0.01% 65,132 $7K $0.11 +65,132 NEW
91 VWAV —% 100 $926 $9.26 +100 NEW
92 ETHU —% 4 $219 $54.75 -$300
93 ASTS —% -$246K -5,005 -100.0% SOLD
94 EA —% -$303K -1,500 -100.0% SOLD
95 SBSW —% -$286K -25,460 -100.0% SOLD
96 COOP —% -$590K -2,799 -100.0% SOLD
97 LWAY —% -$500K -18,000 -100.0% SOLD
98 JOBY-WT —% -$314K -52,415 -100.0% SOLD
99 SMCI —% -$793K -16,551 -100.0% SOLD
100 TDS —% -$1M -29,254 -100.0% SOLD

Options Breakdown

31 Calls $174M Call Value 19 Puts $510M Put Value 2.93 P/C Ratio

Top Calls

SymbolSharesValueStatus
IWM 300,000 $74M
EEM 1,000,000 $55M
QQQ 50,000 $31M NEW
CRM 10,000 $3M NEW
XOM 17,000 $2M NEW
INTC 53,700 $2M
CFLT 58,700 $2M
HUBS 3,500 $1M
GME 56,900 $1M NEW
FCX 21,400 $1M

Top Puts

SymbolSharesValueStatus
HYG 4,600,000 $371M
IWM 300,000 $74M
QQQ 50,000 $31M NEW
EWZ 700,000 $22M
GEN 145,000 $4M
PL 152,000 $3M
XOM 17,000 $2M NEW
CDE 100,000 $2M
IQ 363,500 $698K
KGC 20,000 $563K NEW

New Positions

SymbolValue% Port
VVR $2M 2.32%
CFLT $2M 1.94%
MSFT $1M 1.75%
SOLS $1M 1.39%
CHAC $1M 1.26%
WBD $1M 1.18%
USA $785K 0.92%
0YY7.L $683K 0.80%
AEM $678K 0.79%
BXMX $630K 0.74%
HYT $578K 0.68%
AVY $546K 0.64%
UNF $482K 0.56%
SCHL $444K 0.52%
IQ $444K 0.52%

Sold Out Positions

SymbolValue% Port
HPE —%
TDS —%
RKT —%
LWAY —%
ASTS —%
EA —%
AUR —%
SMCI —%
SBSW —%
JOBY-WT —%
PCTTW —%
COOP —%
CCCX —%
View SEC EDGAR Filings for Ionic Capital Management LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms