Q3 2025 · 13F-HR
Ionic Capital Management LLCholdings as filed
Filed 2025-11-14 · accession 0000929638-25-004285
$958.5M
Reported value
130
Positions
2025-09-30
Period end
The Brief · Ionic Capital Management LLC · Q3 2025
AI · grounded in 13F
Ionic Capital Management LLC established a new position in IWM valued at $96.78M. The fund also increased its holdings in HYG by 400% and GDX by 474.89%. On the sell side, the fund closed its positions in CNI for $6.09M and [[stock:W 3.25 09/15/27]] for $5.71M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464288513 | HYG | ISHARES TR | $426.2M | 44.5% | 5,250,000 | PUT | SOLE |
| 464287234 | EEM | ISHARES TR | $186.9M | 19.5% | 3,500,000 | CALL | SOLE |
| 464288513 | HYG | ISHARES TR | $81.2M | 8.47% | 1,000,000 | CALL | SOLE |
| 464287655 | IWM | ISHARES TR | $48.4M | 5.05% | 200,000 | PUT | SOLE |
| 464287655 | IWM | ISHARES TR | $48.4M | 5.05% | 200,000 | CALL | SOLE |
| 464286400 | EWZ | ISHARES INC | $21.7M | 2.26% | 700,000 | PUT | SOLE |
| 464286400 | EWZ | ISHARES INC | $15.5M | 1.62% | 500,000 | CALL | SOLE |
| 192108504 | CDE | COEUR MNG INC | $5.6M | 0.59% | 300,000 | PUT | SOLE |
| 36262G101 | GXO | GXO LOGISTICS INCORPORATED | $4.1M | 0.43% | 78,449 | Common | SOLE |
| 668771108 | GEN | GEN DIGITAL INC | $4.1M | 0.43% | 145,000 | PUT | SOLE |
| 594972887 | MSTR 8 PERP | STRATEGY INC | $3.9M | 0.40% | 42,209 | Common | SOLE |
| 894164102 | TNL | TRAVEL PLUS LEISURE CO | $3.4M | 0.36% | 57,589 | Common | SOLE |
| F21107101 | CSTM | CONSTELLIUM SE | $3.3M | 0.34% | 218,566 | Common | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $3.2M | 0.34% | 3,500,000 | Common | SOLE |
| 04956D107 | ATMU | ATMUS FILTRATION TECHNOLOGIE | $3.1M | 0.32% | 68,355 | Common | SOLE |
| Y2573F102 | FLEX | FLEX LTD | $2.9M | 0.30% | 49,253 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $2.7M | 0.29% | 35,991 | Common | SOLE |
| 379577208 | GMED | GLOBUS MED INC | $2.7M | 0.28% | 46,596 | Common | SOLE |
| 741623102 | PRMB | PRIMO BRANDS CORPORATION | $2.3M | 0.24% | 102,438 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $2.2M | 0.23% | 65,000 | CALL | SOLE |
| 74967X103 | RH | RH | $2.2M | 0.23% | 10,700 | Common | SOLE |
| 36467W109 | GME | GAMESTOP CORP NEW | $2.0M | 0.21% | 75,000 | PUT | SOLE |
| 19247G107 | COHR | COHERENT CORP | $1.9M | 0.20% | 18,000 | Common | SOLE |
| 670699107 | QQQX | NUVEEN NASDAQ 100 DYNAMIC OV | $1.9M | 0.20% | 69,146 | Common | SOLE |
| 73931J109 | AIOT | POWERFLEET INC | $1.9M | 0.19% | 354,977 | Common | SOLE |
| 34354P105 | FLS | FLOWSERVE CORP | $1.9M | 0.19% | 35,000 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $1.9M | 0.19% | 567,752 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $1.8M | 0.19% | 9,956 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $1.8M | 0.18% | 45,000 | CALL | SOLE |
| G4253H101 | JHX | JAMES HARDIE INDS PLC | $1.8M | 0.18% | 91,627 | Common | SOLE |
| 98585X104 | YETI | YETI HLDGS INC | $1.6M | 0.17% | 49,500 | Common | SOLE |
| 443573100 | HUBS | HUBSPOT INC | $1.6M | 0.17% | 3,500 | CALL | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $1.6M | 0.17% | 60,000 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $1.6M | 0.17% | 9,631 | Common | SOLE |
| G2130T108 | INFQ | CHURCHILL CAP CORP X | $1.6M | 0.17% | 125,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $1.5M | 0.16% | 85,000 | CALL | SOLE |
| 87162W100 | SNX | TD SYNNEX CORPORATION | $1.5M | 0.16% | 9,100 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.5M | 0.15% | 7,937 | Common | SOLE |
| 97785W106 | WOLF | WOLFSPEED INC | $1.4M | 0.15% | 50,000 | CALL | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $1.4M | 0.15% | 5,800 | CALL | SOLE |
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE C | $1.4M | 0.15% | 57,000 | Common | SOLE |
| 95766R104 | WIW | WESTERN AST INFL LKD OPP & I | $1.4M | 0.14% | 156,240 | Common | SOLE |
| 37890B100 | GBTG | GLOBAL BUSINESS TRAVEL GROUP | $1.4M | 0.14% | 168,007 | Common | SOLE |
| 72703X106 | PL | PLANET LABS PBC | $1.3M | 0.14% | 102,000 | PUT | SOLE |
| 20717M103 | 8QR | CONFLUENT INC | $1.3M | 0.13% | 65,000 | CALL | SOLE |
| 53656G498 | MAGS | LISTED FDS TR | $1.2M | 0.12% | 17,762 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $1.1M | 0.12% | 29,254 | Common | SOLE |
| 82575P107 | SBSW | SIBANYE STILLWATER LTD | $1.1M | 0.12% | 100,000 | PUT | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $1.1M | 0.11% | 9,000 | Common | SOLE |
| 67075F105 | XDIAX | NUVEEN DOW 30 DYNMC OVERWRT | $1.1M | 0.11% | 72,407 | Common | SOLE |
| 051774107 | AUR | AURORA INNOVATION INC | $1.1M | 0.11% | 200,000 | PUT | SOLE |
| 594972408 | MSTR | STRATEGY INC | $1.1M | 0.11% | 3,300 | PUT | SOLE |
| 17253J106 | CIFR | CIPHER MINING INC | $1.0M | 0.11% | 80,000 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $998,638 | 0.10% | 3,027 | Common | SOLE |
| G0250X107 | AMCR | AMCOR PLC O | $988,144 | 0.10% | 120,800 | Common | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $963,542 | 0.10% | 5,282 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $962,278 | 0.10% | 4,700 | PUT | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $957,950 | 0.10% | 7,000 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $954,694 | 0.10% | 1,300 | Common | SOLE |
| 46438R105 | ETHA | ISHARES ETHEREUM TR | $927,087 | 0.10% | 29,422 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $903,427 | 0.09% | 3,548 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $902,484 | 0.09% | 25,800 | CALL | SOLE |
| 820014405 | SBET | SHARPLINK GAMING INC | $884,520 | 0.09% | 52,000 | Common | SOLE |
| 464287523 | SOXX | ISHARES TR | $863,517 | 0.09% | 3,185 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $843,570 | 0.09% | 6,300 | PUT | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $832,671 | 0.09% | 6,300 | CALL | SOLE |
| 20464U100 | COMP | COMPASS INC | $803,000 | 0.08% | 100,000 | CALL | SOLE |
| 86800U302 | SMCI | SUPER MICRO COMPUTER INC | $793,455 | 0.08% | 16,551 | Common | SOLE |
| M20791105 | CAMT | CAMTEK LTD | $787,875 | 0.08% | 7,500 | PUT | SOLE |
| 46267X108 | IQ | IQIYI INC | $779,776 | 0.08% | 304,600 | PUT | SOLE |
| N07059210 | ASML | ASML HOLDING N V | $774,472 | 0.08% | 800 | PUT | SOLE |
| 707569109 | PENN | PENN ENTERTAINMENT INC | $770,400 | 0.08% | 40,000 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $768,539 | 0.08% | 4,300 | CALL | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $764,000 | 0.08% | 10,000 | CALL | SOLE |
| 88160R101 | TSLA | TESLA INC | $733,788 | 0.08% | 1,650 | Common | SOLE |
| 53626N102 | LION | LIONSGATE STUDIOS CORP | $728,371 | 0.08% | 105,561 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $724,735 | 0.08% | 5,500 | CALL | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $698,250 | 0.07% | 30,000 | Common | SOLE |
| G27907107 | DOLE | DOLE PLC | $672,000 | 0.07% | 50,000 | CALL | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $669,811 | 0.07% | 4,140 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $645,064 | 0.07% | 2,002 | Common | SOLE |
| 49271V100 | KDP | KEURIG DR PEPPER INC | $637,750 | 0.07% | 25,000 | CALL | SOLE |
| 66510M204 | NAK | NORTHERN DYNASTY MINERALS LT | $621,000 | 0.06% | 517,500 | Common | SOLE |
| 047726302 | BATRK | ATLANTA BRAVES HLDGS INC | $590,121 | 0.06% | 14,189 | Common | SOLE |
| 62482R107 | 07WA | MR COOPER GROUP INC | $590,001 | 0.06% | 2,799 | Common | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $583,880 | 0.06% | 11,000 | Common | SOLE |
| G0250X107 | AMCR | AMCOR PLC O | $572,600 | 0.06% | 70,000 | CALL | SOLE |
| G4R103107 | — | GSR III ACQUISITION CORP | $518,000 | 0.05% | 50,000 | Common | SOLE |
| G5784H106 | MANU | MANCHESTER UTD PLC NEW | $517,485 | 0.05% | 34,180 | Common | SOLE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $504,210 | 0.05% | 1,494 | Common | SOLE |
| 531914109 | LWAY | LIFEWAY FOODS INC | $499,680 | 0.05% | 18,000 | Common | SOLE |
| 92864M798 | ETHU | VOLATILITY SHS TR | $493,468 | 0.05% | 3,800 | PUT | SOLE |
| 219350105 | GLW | CORNING INC | $492,180 | 0.05% | 6,000 | Common | SOLE |
| 30052F100 | EVGO | EVGO INC | $473,000 | 0.05% | 100,000 | CALL | SOLE |
| 668771116 | GENVR | GEN DIGITAL INC | $461,210 | 0.05% | 62,410 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $450,119 | 0.05% | 2,050 | Common | SOLE |
| 84833T103 | SPRO | SPERO THERAPEUTICS INC | $392,403 | 0.04% | 208,725 | Common | SOLE |
| 051774115 | AUROW | AURORA INNOVATION INC | $373,385 | 0.04% | 643,767 | Common | SOLE |
| 654484153 | NIOBW | NIOCORP DEVS LTD | $363,540 | 0.04% | 197,576 | Common | SOLE |
| 81684M104 | SMLR | SEMLER SCIENTIFIC INC | $345,000 | 0.04% | 11,500 | CALL | SOLE |
| 654484609 | NB | NIOCORP DEVS LTD | $334,000 | 0.03% | 50,000 | PUT | SOLE |
| G65163118 | JOBY/WS | JOBY AVIATION INC | $314,490 | 0.03% | 52,415 | Common | SOLE |
| 047726104 | BATRA | ATLANTA BRAVES HLDGS INC | $310,060 | 0.03% | 6,819 | Common | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $302,550 | 0.03% | 1,500 | Common | SOLE |
| 82575P107 | SBSW | SIBANYE STILLWATER LTD | $286,170 | 0.03% | 25,460 | Common | SOLE |
| 74623V111 | PCTTW | PURECYCLE TECHNOLOGIES INC | $254,193 | 0.03% | 75,205 | Common | SOLE |
| 00217D100 | ASTS | AST SPACEMOBILE INC | $245,645 | 0.03% | 5,005 | Common | SOLE |
| 98980F104 | GTM | ZOOMINFO TECHNOLOGIES INC | $231,227 | 0.02% | 21,194 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $211,920 | 0.02% | 10,935 | Common | SOLE |
| 87261Y114 | TMCWW | TMC THE METALS COMPANY INC | $203,802 | 0.02% | 194,116 | Common | SOLE |
| 88636J253 | — | TIDAL TRUST II | $203,110 | 0.02% | 9,500 | PUT | SOLE |
| 051774107 | AUR | AURORA INNOVATION INC | $179,196 | 0.02% | 33,246 | Common | SOLE |
| 64107A113 | NPWR/WS | NET POWER INC | $158,391 | 0.02% | 211,188 | Common | SOLE |
| 683712103 | OPEN | OPENDOOR TECHNOLOGIES INC | $145,269 | 0.02% | 18,227 | Common | SOLE |
| 30049H110 | EVLVW | EVOLV TECHNOLOGIES HLDNGS IN | $144,006 | 0.02% | 197,268 | Common | SOLE |
| 36170N115 | GCTS/WS | GCT SEMICONDUCTOR HLDG INC | $126,188 | 0.01% | 673,000 | Common | SOLE |
| 53838J113 | LVWR/WS | LIVEWIRE GROUP INC | $110,512 | 0.01% | 1,522,201 | Common | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $82,110 | 0.01% | 600 | CALL | SOLE |
| 092915115 | BZAIW | BLAIZE HLDGS INC | $74,296 | 0.01% | 119,600 | Common | SOLE |
| G53151125 | KWMWW | K WAVE MEDIA LTD | $58,000 | 0.01% | 400,000 | Common | SOLE |
| 84445C118 | SLND/WS | SOUTHLAND HLDGS INC | $51,886 | 0.01% | 268,981 | Common | SOLE |
| 927950113 | VWAVW | VISIONWAVE HOLDINGS INC | $49,766 | 0.01% | 120,998 | Common | SOLE |
| 03945R110 | ACHR/WS | ARCHER AVIATION INC | $38,021 | 0.00% | 17,361 | Common | SOLE |
| G5380J118 | LANV/WS | LANVIN GROUP HOLDINGS LIMITE | $36,045 | 0.00% | 1,917,304 | Common | SOLE |
| 668771108 | GEN | GEN DIGITAL INC | $31,683 | 0.00% | 1,116 | Common | SOLE |
| G4R52R111 | HPAIW | HELPORT AI LTD | $16,321 | 0.00% | 82,640 | Common | SOLE |
| G1331C112 | BGLWW | BLUE GOLD LTD | $12,479 | 0.00% | 27,271 | Common | SOLE |
| G7500M120 | RNWWW | RENEW ENERGY GLOBAL PLC | $9,120 | 0.00% | 200,000 | Common | SOLE |
| 09973D113 | BRLSW | BOREALIS FOODS INC | $5,355 | 0.00% | 70,000 | Common | SOLE |
| 92864M798 | ETHU | VOLATILITY SHS TR | $519 | 0.00% | 4 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.