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Ionic Capital Management LLC

CIK:0001386462
Hedge Fund
$4B AUM
144 holdings
New York, NY, United States
Founded:2006
31 employees
Latest filing:Jun 30, 2025

Ionic Capital Management LLC is a New York-based alternative asset manager and investment adviser founded in 2006. The firm provides investment advisory services to private funds and institutional investors, primarily focused on managing alternative investment strategies. With approximately 31 employees, Ionic serves a sophisticated investor base, including institutional clients and high-net-worth individuals.

Investment Strategy

Ionic Capital Management employs multi-strategy approaches primarily focused on hedged credit, capital structure arbitrage, and event-driven investments. The firm specializes in using structured products, volatility trades, fixed income arbitrage, and long/short equity strategies to manage risks and seek uncorrelated returns for its clients. The investment process combines quantitative analysis with rigorous fundamental research to identify opportunities across global markets.

Latest 13F Filing Activity

Ionic Capital Management LLC filed their most recent 13F report on Jun 30, 2025 disclosing 87 equity positions and 37 options positions with a total 13F market value of $349M. The fund increased holdings in Meta Platforms Inc., Yeti HLDGS Inc., Sable Offshore Corp. among other positions. Ionic Capital Management LLC reduced exposure to KBR Inc., GCM Grosvenor Inc., Dun & Bradstreet HLDGS Inc. among others.

Top Buys
M
METAMETA PLATFORMS INC
+$1.4M
Y
YETIYETI HLDGS INC
+$1.2M
S
SOCSABLE OFFSHORE CORP
+$1.1M
B
BLDRBUILDERS FIRSTSOURCE INC
+$1.1M
F
FLEXFLEX LTD
+$1.0M
Top Sells
K
KBRKBR INC
-$2.5M
G
GCMGWGCM GROSVENOR INC
-$1.4M
D
DNBDUN & BRADSTREET HLDGS INC
-$1.2M
A
ATIATI INC
-$946.9K
I
INTCINTEL CORP
-$844.6K

Top Holdings

G
GXOGXO LOGISTICS INCORPORATED
+1.1%$3.7M
S
STRKMICROSTRATEGY INC
+1.0%$3.4M
F
FLEXFLEX LTD
+0.9%$3.1M
A
ALITALIGHT INC
+0.9%$3.0M
T
TNLTRAVEL PLUS LEISURE CO
+0.9%$3.0M

Equity Positions (87)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
GXO LOGISTICS INCORPORATED1.05%$3.7M75,449$44.55$48.70+$491.3K
MICROSTRATEGY INC0.97%$3.4M27,970$84.01$121.01+$218.1K
FLEX LTD0.88%$3.1M61,253$16.85$49.92+$1.0M
ALIGHT INC0.85%$3.0M527,752$7.94$5.66-$234.4K
TRAVEL PLUS LEISURE CO0.85%$3.0M57,589$49.29$51.61+$306.4K

Options Positions (37)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
ISHARES TRSold
Put
$100.8M12,500$80.65$78.43-32,898-$257.3M
ISHARES TRBought
Put
$96.5M20,000$48.24$48.24+20,000+$96.5M
ISHARES INCNew
Call
$11.5M4,000$28.85$28.85+4,000+$11.5M
ISHARES INCNew
Put
$11.5M4,000$28.85$28.85+4,000+$11.5M
CANADIAN NATL RY CONew
Call
$6.1M585$104.04$104.04+585+$6.1M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+1.3%
SEMICONDUCTORS & RELATED DEVICES
+1.0%
GOLD AND SILVER ORES
+0.8%
HOTELS & MOTELS
+0.6%
TRANSPORTATION SERVICES
+0.6%