Ionic Capital Management LLC

Institutional manager·CIK 0001386462
Latest Qtr return
+28.3%
SPY latest qtr
+17.6%
Alpha
+10.7ptsvs SPY
Invested
$99.7M
Holdings
125
Trades YTD
0

Performance · Fund vs SPY

Cumulative return · quarterly snapshots
-15%+0%+75%Ionic +29.0%SPY +72.2%Q1 '25Q2 '25Q3 '25Q4 '25

Coverage 91%. 4 quarters of 2025 measured against SPY adj-close benchmark.

EDITORIAL BRIEF · refreshed Jul 2, 2026

Why follow Ionic Capital Management LLC right now?

Ionic Capital Management's Q1 2026 13F-HR reports $100M across 125 positions, with the top ten holdings concentrated in ETFs and mid-cap industrials. IWM and QQQ together represent 9.6% of disclosed equity exposure, while CSTM (4.4%, 177,722 shares), TNL (3.6%), and FLEX (3.3%) anchor the single-stock sleeve. The portfolio remains broadly diversified at the position level, with the largest holding at 5.0%.

Quarter-over-quarter additions include XZO (+485%), GENVR (+167%), and META (+164%) by share count, alongside smaller warrant positions in ACHR and BTMWW. Reported quarterly alpha versus SPY was +10.7% in Q1 2026 and +5.5% in Q4 2025, following two consecutive quarters of underperformance in mid-2025. Past performance is not indicative of future results.

Generated from public SEC filings. Not investment advice.…

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Top holdings · current snapshot

Source: 13F-HR
01
$IWM
ISHARES TR
Held since at least Q1 2024
5.0%
+17.1%
~$248.00 Mar 2026
02
$NDQ
INVESCO QQQ TR
Held since at least Q1 2024
4.6%
—
~$577.18 Mar 2026
03
$CSTM
CONSTELLIUM SE
Q4 2025: Sold 18.7% (218.6k → 177.7k shares)
4.4%
+12.4%
~$24.58 Mar 2026
04
$TNL
TRAVEL PLUS LEISURE CO
Q4 2025: Sold 10.4% (57.6k → 51.6k shares)
3.6%
+12.3%
~$69.19 Mar 2026
05
$FLEX
FLEXTRONICS INTL LTD
Q4 2025: Increased +2.0% (49.3k → 50.3k shares)
3.3%
+57.4%
~$65.46 Mar 2026
06
$AKAM
AKAMAI TECHNOLOGIES INC
Held since at least Q1 2024
3.1%
-6.5%
~$114.85 Mar 2026
07
$GXO
GXO LOGISTICS INCORPORATED
Q4 2025: Sold 18.2% (68.6k → 56.1k shares)
2.9%
-0.6%
~$51.85 Mar 2026
08
$PRMB
PRIMO BRANDS CORPORATION
Q4 2025: Sold 14.8% (147.4k → 125.6k shares)
2.4%
+22.2%
~$18.83 Mar 2026
09
$SPXX
NUVEEN S&P 500 DYNAMIC OVERW
Held since at least Q1 2024
2.1%
+13.3%
~$16.07 Mar 2026
10
$GTM
ZOOMINFO TECHNOLOGIES INC
Q4 2025: Increased +143.2% (140.5k → 341.7k shares)
2.0%
-41.5%
~$5.98 Mar 2026
See all 125 holdings · Pro →

Recent trades · Last 90 days

No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.

Convergence · Ionic Capital Management LLC

Pattern cards reflect public SEC EDGAR and Congressional filing data only. Detection uses filing dates; trade execution dates may differ. Past convergence patterns do not predict future returns. Nothing here is investment advice.

Source data: SEC EDGAR · 13F-HR filings · Performance through 2026-03-31 · Last refreshed 11:04 UTC.