Ionic Capital Management LLC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$785.9M

Holdings

134

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (134 positions)

#StockSharesValue% PortfolioType
1
HYGISHARES TR
4,600,000$370.9M47.19%Put
2
IWMISHARES TR
600,000$147.7M18.79%Put
3
NDQINVESCO QQQ TR
100,000$61.4M7.82%Put
4
EEMISHARES TR
1,000,000$54.7M6.96%Call
5
EWZISHARES INC
700,000$22.2M2.83%Put
6
CSTMCONSTELLIUM SE
218,566$4.1M0.52%
7
XOMEXXON MOBIL CORP
34,000$4.1M0.52%Put
8
TNLTRAVEL PLUS LEISURE CO
57,589$4.1M0.52%
9
GENGEN DIGITAL INC
146,116$4.0M0.51%Put
10
GXOGXO LOGISTICS INCORPORATED
68,582$3.6M0.46%
11
CFLTCONFLUENT INC
113,700$3.4M0.44%Call
12
ON 0.5 03/01/29ON SEMICONDUCTOR CORP
3,500,000$3.3M0.42%
13
ARRY 1 12/01/28ARRAY TECHNOLOGIES INC
3,500,000$3.2M0.40%
14
ATMUATMUS FILTRATION TECHNOLOGIE
60,003$3.1M0.40%
15
PLPLANET LABS PBC
152,000$3.0M0.38%Put
16
FLEXFLEX LTD
49,253$3.0M0.38%
17
VRNS 1 09/15/29VARONIS SYS INC
3,000,000$2.8M0.36%
18
AIOTPOWERFLEET INC
519,977$2.8M0.35%
19
GMEDGLOBUS MED INC
31,596$2.8M0.35%
20
CRMSALESFORCE INC
10,000$2.6M0.34%Call
21
GDXVANECK ETF TRUST
29,864$2.6M0.33%
22
RHRH
13,900$2.5M0.32%
23
PRMBPRIMO BRANDS CORPORATION
147,438$2.4M0.31%
24
MSTR 8 PERPSTRATEGY INC
28,772$2.3M0.29%
25
YETIYETI HLDGS INC
49,500$2.2M0.28%
26
VVRINVESCO SR INCOME TR
608,000$2.0M0.25%
27
INTCINTEL CORP
53,700$2.0M0.25%Call
28
FLSFLOWSERVE CORP
27,000$1.9M0.24%
29
MUMICRON TECHNOLOGY INC
6,418$1.8M0.23%
30
IQIQIYI INC
944,924$1.8M0.23%Put
31
CDECOEUR MNG INC
100,000$1.8M0.23%Put
32
QQQXNUVEEN NASDAQ 100 DYNAMIC OV
61,842$1.8M0.22%
33
MARA 0 06/01/31MARA HOLDINGS INC
2,000,000$1.7M0.21%
34
MSFTMICROSOFT CORP
3,100$1.5M0.19%
35
COHRCOHERENT CORP
8,000$1.5M0.19%
36
WIWWESTERN AST INFL LKD OPP & I
170,464$1.5M0.19%
37
NVDANVIDIA CORPORATION
7,791$1.5M0.18%
38
JHXJAMES HARDIE INDS PLC
69,127$1.4M0.18%
39
GTMZOOMINFO TECHNOLOGIES INC
140,504$1.4M0.18%
40
HUBSHUBSPOT INC
3,500$1.4M0.18%Call
41
SUXTD SYNNEX CORPORATION
9,100$1.4M0.17%
42
BABAALIBABA GROUP HLDG LTD
8,994$1.3M0.17%
43
SOXXISHARES TR
4,215$1.3M0.16%
44
FCXFREEPORT-MCMORAN INC
23,900$1.2M0.15%Call
45
GBTGGLOBAL BUSINESS TRAVEL GROUP
158,007$1.2M0.15%
46
SOLSSOLSTICE ADVANCED MATLS INC
24,500$1.2M0.15%
47
MAGSLISTED FDS TR
17,762$1.2M0.15%
48
GMEGAMESTOP CORP NEW
56,900$1.1M0.15%Call
49
DIAXNUVEEN DOW 30 DYNMC OVERWRT
72,133$1.1M0.14%
50
CHACRCRANE HBR ACQUISITION CORP
100,000$1.1M0.14%
51
AMDADVANCED MICRO DEVICES INC
4,948$1.1M0.13%
52
AAPLAPPLE INC
3,866$1.1M0.13%
53
AVGOBROADCOM INC
2,951$1.0M0.13%
54
WBDWARNER BROS DISCOVERY INC
35,000$1.0M0.13%
55
KGCKINROSS GOLD CORP
34,500$971K0.12%Put
56
PLTRPALANTIR TECHNOLOGIES INC
5,282$938K0.12%
57
MARAMARA HOLDINGS INC
100,000$898K0.11%Call
58
GLXYGALAXY DIGITAL INC.
35,500$793K0.10%Call
59
USALIBERTY ALL STAR EQUITY FD
125,000$785K0.10%
60
TSLATESLA INC
1,650$742K0.09%
61
GIGGIGCAPITAL7 CORP
70,000$737K0.09%
62
ALITALIGHT INC
367,752$717K0.09%
63
METAMETA PLATFORMS INC
1,075$709K0.09%
64
DBRGDIGITALBRIDGE GROUP INC
44,500$682K0.09%
65
AEMAGNICO EAGLE MINES LTD
4,000$678K0.09%
66
BLDRBUILDERS FIRSTSOURCE INC
6,500$668K0.08%Call
67
BHFBRIGHTHOUSE FINL INC
9,750$631K0.08%
68
XBXMXNUVEEN S&P 500 BUY-WRITE INC
42,861$630K0.08%
69
MANUMANCHESTER UTD PLC NEW
39,380$626K0.08%
70
NAKNORTHERN DYNASTY MINERALS LT
309,000$608K0.08%
71
MIGASTRATEGY INC
3,919$594K0.08%Put
72
HYTBLACKROCK CORPOR HI YLD FD I
65,000$578K0.07%
73
AVYAVERY DENNISON CORP
3,000$545K0.07%
74
GLWCORNING INC
6,000$525K0.07%
75
NFJVIRTUS DIVIDEND INTEREST & P
40,000$515K0.07%
76
CIFRCIPHER MINING INC
33,200$490K0.06%
77
UNFUNIFIRST CORP MASS
2,500$482K0.06%
78
AMZNAMAZON COM INC
2,050$473K0.06%
79
SPROSPERO THERAPEUTICS INC
195,939$456K0.06%
80
SIRISIRIUSXM HOLDINGS INC
22,500$449K0.06%
81
SCHLSCHOLASTIC CORP
15,000$444K0.06%
82
WOLFWOLFSPEED INC
25,519$444K0.06%
83
BATRAATLANTA BRAVES HLDGS INC
10,689$421K0.05%
84
UNHUNITEDHEALTH GROUP INC
1,268$418K0.05%
85
ETHAISHARES ETHEREUM TR
18,672$418K0.05%
86
CEPFCANTOR EQUITY PARTNERS II IN
35,000$394K0.05%
87
CORZCORE SCIENTIFIC INC NEW
25,000$364K0.05%
88
CZRCAESARS ENTERTAINMENT INC NE
15,000$350K0.04%
89
STUBSTUBHUB HLDGS INC
25,000$338K0.04%Call
90
XZOEXZEO GROUP INC
13,519$327K0.04%
91
SSTKSHUTTERSTOCK INC
15,381$293K0.04%
92
BBAIBIGBEAR AI HLDGS INC
54,000$291K0.04%
93
COINCOINBASE GLOBAL INC
1,252$283K0.04%
94
GENVRGEN DIGITAL INC
62,410$282K0.04%
95
BATRAATLANTA BRAVES HLDGS INC
6,191$263K0.03%
96
VWAVWVISIONWAVE HOLDINGS INC
221,898$259K0.03%
97
BEBLOOM ENERGY CORP
2,987$259K0.03%
98
GETYGETTY IMAGES HOLDINGS INC
185,000$247K0.03%
99
USOUNITED STS OIL FD LP
3,528$243K0.03%
100
CRWVCOREWEAVE INC
3,292$235K0.03%
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