Ionic Capital Management LLC
Long book
$105.0M
Q1 2026
Positions
137
Top-10 weight
32%
concentration
Last quarter
+18.8%
SPY +14.8%
Turnover
52%
of book per quarter
Strategy in plain words
auto-generated from filingsIonic Capital Management LLC is a diversified fundamental manager, running a $105.0M US long book across 137 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ISHARES RUSSELL 2000 ETF, INVESCO QQQ TRUST SERIES 1, CONSTELLIUM SE, TRAVEL + LEISURE CO, FLEX LTD.
Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.7%
Q2 2024
+3.2%
Q3 2024
-2.9%
Q4 2024
-8.3%
Q1 2025
+20.1%
Q2 2025
+10.8%
Q3 2025
+6.9%
Q4 2025
-1.3%
Q1 2026
+18.8%
Sector allocation
Technology 31%
Industrials 19%
Services media 17%
Consumer discretionary 6%
Other 6%
Financials 6%
Materials 4%
Healthcare 4%
Long book by quarter
What does Ionic Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CSTM CONSTELLIUM SE | Industrials | 177.7K | $4.4M | 4.2% | -18.7% |
| TNL TRAVEL + LEISURE CO | Services media | 51.6K | $3.6M | 3.4% | -10.4% |
| FLEX FLEX LTD | Technology | 50.3K | $3.3M | 3.1% | +2.0% |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 26.9K | $3.1M | 2.9% | New |
| GXO GXO LOGISTICS INC | Industrials | 56.1K | $2.9M | 2.8% | -18.2% |
| MSTR 8 PERP STRATEGY INC | — | 37.8K | $2.7M | 2.5% | +31.3% |
| PRMB PRIMO BRANDS CORP | Consumer staples | 125.6K | $2.4M | 2.3% | -14.8% |
| GTM ZOOMINFO TECHNOLOGIES INC | Technology | 341.7K | $2.0M | 1.9% | +143.2% |
| JHX JAMES HARDIE IND PLC | Industrials | 106.1K | $2.0M | 1.9% | +53.5% |
| FLS FLOWSERVE CORP | Industrials | 27.0K | $2.0M | 1.9% | Held |
| YETI YETI HOLDINGS INC | Other | 52.5K | $1.9M | 1.8% | +6.1% |
| SOLS SOLSTICE ADV MATERIALS INC | Materials | 24.5K | $1.9M | 1.8% | Held |
| RH RH | Consumer discretionary | 13.1K | $1.8M | 1.7% | -5.8% |
| GMED GLOBUS MEDICAL INC - A | Healthcare | 20.6K | $1.8M | 1.7% | -34.8% |
| AIOT POWERFLEET INC | Technology | 552.7K | $1.7M | 1.6% | +6.3% |
| META META PLATFORMS INC-CLASS A | Technology | 2.8K | $1.6M | 1.5% | +164.1% |
| REZI RESIDEO TECHNOLOGIES INC | Consumer discretionary | 46.0K | $1.6M | 1.5% | New |
| ORCL ORACLE CORP | Technology | 10.0K | $1.5M | 1.4% | New |
| ORCL ORACLE CORP | Technology | 27.5K | $1.2M | 1.2% | New |
| NVDA NVIDIA CORP | Technology | 6.9K | $1.2M | 1.1% | -11.9% |
| GLW CORNING INC | Industrials | 8.8K | $1.2M | 1.1% | +46.7% |
| XZO EXZEO GROUP INC | Technology | 79.1K | $1.2M | 1.1% | +484.8% |
| FIS FIDELITY NATIONAL INFO SERV | Services media | 23.0K | $1.1M | 1.0% | New |
| LITE LUMENTUM HOLDINGS INC | Technology | 1.5K | $1.0M | 1.0% | New |
| WBD WARNER BROS DISCOVERY INC | Communications | 35.0K | $961K | 0.9% | Held |
| BHF BRIGHTHOUSE FINANCIAL INC | Financials | 15.8K | $943K | 0.9% | +61.5% |
| SARO STANDARDAERO INC | Industrials | 36.5K | $943K | 0.9% | New |
| MU MICRON TECHNOLOGY INC | Technology | 2.8K | $935K | 0.9% | -56.9% |
| AAPL APPLE INC | Technology | 3.7K | $931K | 0.9% | -5.1% |
| UBER UBER TECHNOLOGIES INC | Services media | 12.5K | $899K | 0.9% | New |
| PLNT PLANET FITNESS INC - CL A | Services media | 12.0K | $893K | 0.9% | New |
| UNF UNIFIRST CORP/MA | Services media | 3.5K | $881K | 0.8% | +40.0% |
| W WAYFAIR INC- CLASS A | Consumer discretionary | 11.5K | $865K | 0.8% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 3.8K | $779K | 0.7% | -22.6% |
| AVGO BROADCOM INC | Technology | 2.5K | $772K | 0.7% | -15.5% |
| HDRN HADRON ENERGY INC | Utilities | 70.0K | $746K | 0.7% | Held |
| DBRG DIGITALBRIDGE GROUP INC | Financials | 44.5K | $686K | 0.7% | Held |
| SNDK SANDISK CORP | Technology | 1.1K | $682K | 0.6% | New |
| PYPL PAYPAL HOLDINGS INC | Services media | 15.0K | $678K | 0.6% | New |
| MANU MANCHESTER UNITED PLC-CL A | Services media | 39.4K | $662K | 0.6% | Held |
| NAK NORTHERN DYNASTY MINERALS | Materials | 459.0K | $643K | 0.6% | +48.5% |
| NEM NEWMONT CORP | Materials | 5.5K | $595K | 0.6% | New |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 4.0K | $578K | 0.6% | -25.2% |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 5.9K | $560K | 0.5% | +100.5% |
| ZIM ZIM INTEGRATED SHIPPING SERV | Industrials | 20.0K | $527K | 0.5% | New |
| CRWV COREWEAVE INC-CL A | Technology | 6.7K | $520K | 0.5% | +103.7% |
| ASTS AST SPACEMOBILE INC | Communications | 5.8K | $477K | 0.5% | New |
| OKLO OKLO INC | Utilities | 9.3K | $459K | 0.4% | New |
| SPRO SPERO THERAPEUTICS INC | Healthcare | 195.9K | $458K | 0.4% | Held |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 10.7K | $456K | 0.4% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 165 | $1.37B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 147 | $785.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 130 | $958.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 144 | $349.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 129 | $763.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 104 | $977.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 145 | $577.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 149 | $585.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 148 | $310.3M | canonical | SEC ↗ |
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