Filed: 5/15/2025ACC: 0000929638-25-001896
📋 What this filing means
IONIC CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 111 equity positions with a total reported market value of $763.08M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
111
Positions
$763.08M
Total AUM (reported)
49.04M
Total Shares
Allocation by class
IBOXX HI YD ETF$546.68M71.6%
UNIT SER 1$93.78M12.3%
COM$38.44M5.0%
COMMON STOCK$7.42M1.0%
NOTE 1.000% 8/1$6.38M0.8%
CL A$6.06M0.8%
COM NEW$5.50M0.7%
Portfolio Concentration
Top 3$646.84M84.8%
4–10$29.66M3.9%
11–25$34.55M4.5%
Rest$52.02M6.8%
Top 3 weight
84.8%
Top 10 weight
88.7%
Voting Authority Distribution
Total shares with voting rights: 49.04M
Sole
Full voting authority
49.04M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other111
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings111
Rows:
ISHARES TR
DFNDShares6.93M
TypeSH
Market value$546.68M
71.64%
Sole
6.93M
Shared
0.00
None
0.00
INVESCO QQQ TR
DFNDShares200K
TypeSH
Market value$93.78M
12.29%
Sole
200K
Shared
0.00
None
0.00
WAYFAIR INC
DFNDShares6.80M
TypePRN
Market value$6.38M
0.84%
Sole
6.80M
Shared
0.00
None
0.00
MARA HOLDINGS INC
DFNDShares6.05M
TypePRN
Market value$5.45M
0.71%
Sole
6.05M
Shared
0.00
None
0.00
AURORA INNOVATION INC
DFNDShares750K
TypeSH
Market value$5.04M
0.66%
Sole
750K
Shared
0.00
None
0.00
SNAP INC
DFNDShares5.62M
TypePRN
Market value$4.77M
0.62%
Sole
5.62M
Shared
0.00
None
0.00
LUMENTUM HLDGS INC
DFNDShares5M
TypePRN
Market value$4.59M
0.60%
Sole
5M
Shared
0.00
None
0.00
ENPHASE ENERGY INC
DFNDShares4M
TypePRN
Market value$3.41M
0.45%
Sole
4M
Shared
0.00
None
0.00
ALIGHT INC
DFNDShares543.26K
TypeSH
Market value$3.22M
0.42%
Sole
543.26K
Shared
0.00
None
0.00
GXO LOGISTICS INCORPORATED
DFNDShares81.45K
TypeSH
Market value$3.18M
0.42%
Sole
81.45K
Shared
0.00
None
0.00
MICROSTRATEGY INC
DFNDShares37.69K
TypeSH
Market value$3.17M
0.41%
Sole
37.69K
Shared
0.00
None
0.00
UNITED STATES STL CORP NEW
DFNDShares68.52K
TypeSH
Market value$2.90M
0.38%
Sole
68.52K
Shared
0.00
None
0.00
ATMUS FILTRATION TECHNOLOGIE
DFNDShares75.36K
TypeSH
Market value$2.77M
0.36%
Sole
75.36K
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares25.07K
TypeSH
Market value$2.72M
0.36%
Sole
25.07K
Shared
0.00
None
0.00
TRAVEL PLUS LEISURE CO
DFNDShares57.59K
TypeSH
Market value$2.67M
0.35%
Sole
57.59K
Shared
0.00
None
0.00
COEUR MNG INC
DFNDShares432.94K
TypeSH
Market value$2.56M
0.34%
Sole
432.94K
Shared
0.00
None
0.00
KBR INC
DFNDShares49.77K
TypeSH
Market value$2.48M
0.32%
Sole
49.77K
Shared
0.00
None
0.00
CONSTELLIUM SE
DFNDShares218.57K
TypeSH
Market value$2.21M
0.29%
Sole
218.57K
Shared
0.00
None
0.00
IQIYI INC
DFNDShares917.64K
TypeSH
Market value$2.07M
0.27%
Sole
917.64K
Shared
0.00
None
0.00
FLEX LTD
DFNDShares61.25K
TypeSH
Market value$2.03M
0.27%
Sole
61.25K
Shared
0.00
None
0.00
INTEL CORP
DFNDShares82.19K
TypeSH
Market value$1.87M
0.24%
Sole
82.19K
Shared
0.00
None
0.00
GLOBUS MED INC
DFNDShares25.30K
TypeSH
Market value$1.85M
0.24%
Sole
25.30K
Shared
0.00
None
0.00
JOBY AVIATION INC
DFNDShares304.78K
TypeSH
Market value$1.83M
0.24%
Sole
304.78K
Shared
0.00
None
0.00
NUVEEN NASDAQ 100 DYNAMIC OV
DFNDShares74.15K
TypeSH
Market value$1.76M
0.23%
Sole
74.15K
Shared
0.00
None
0.00
GCM GROSVENOR INC
DFNDShares962.53K
TypeSH
Market value$1.67M
0.22%
Sole
962.53K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRDFND | IBOXX HI YD ETF | 6.93M | SH | $546.68M 71.64% | 6.93M | 0.00 | 0.00 |
INVESCO QQQ TRDFND | UNIT SER 1 | 200K | SH | $93.78M 12.29% | 200K | 0.00 | 0.00 |
WAYFAIR INCDFND | NOTE 1.000% 8/1 | 6.80M | PRN | $6.38M 0.84% | 6.80M | 0.00 | 0.00 |
MARA HOLDINGS INCDFND | NOTE 1.000%12/0 | 6.05M | PRN | $5.45M 0.71% | 6.05M | 0.00 | 0.00 |
AURORA INNOVATION INCDFND | CLASS A COM | 750K | SH | $5.04M 0.66% | 750K | 0.00 | 0.00 |
SNAP INCDFND | NOTE 0.125% 3/0 | 5.62M | PRN | $4.77M 0.62% | 5.62M | 0.00 | 0.00 |
LUMENTUM HLDGS INCDFND | NOTE 0.500% 6/1 | 5M | PRN | $4.59M 0.60% | 5M | 0.00 | 0.00 |
ENPHASE ENERGY INCDFND | NOTE 3/0 | 4M | PRN | $3.41M 0.45% | 4M | 0.00 | 0.00 |
ALIGHT INCDFND | COM CL A | 543.26K | SH | $3.22M 0.42% | 543.26K | 0.00 | 0.00 |
GXO LOGISTICS INCORPORATEDDFND | COMMON STOCK | 81.45K | SH | $3.18M 0.42% | 81.45K | 0.00 | 0.00 |
MICROSTRATEGY INCDFND | SERIES A PERP PF | 37.69K | SH | $3.17M 0.41% | 37.69K | 0.00 | 0.00 |
UNITED STATES STL CORP NEWDFND | COM | 68.52K | SH | $2.90M 0.38% | 68.52K | 0.00 | 0.00 |
ATMUS FILTRATION TECHNOLOGIEDFND | COM | 75.36K | SH | $2.77M 0.36% | 75.36K | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 25.07K | SH | $2.72M 0.36% | 25.07K | 0.00 | 0.00 |
TRAVEL PLUS LEISURE CODFND | COM | 57.59K | SH | $2.67M 0.35% | 57.59K | 0.00 | 0.00 |
COEUR MNG INCDFND | COM NEW | 432.94K | SH | $2.56M 0.34% | 432.94K | 0.00 | 0.00 |
KBR INCDFND | COM | 49.77K | SH | $2.48M 0.32% | 49.77K | 0.00 | 0.00 |
CONSTELLIUM SEDFND | CL A SHS | 218.57K | SH | $2.21M 0.29% | 218.57K | 0.00 | 0.00 |
IQIYI INCDFND | SPONSORED ADS | 917.64K | SH | $2.07M 0.27% | 917.64K | 0.00 | 0.00 |
FLEX LTDDFND | ORD | 61.25K | SH | $2.03M 0.27% | 61.25K | 0.00 | 0.00 |
INTEL CORPDFND | COM | 82.19K | SH | $1.87M 0.24% | 82.19K | 0.00 | 0.00 |
GLOBUS MED INCDFND | CL A | 25.30K | SH | $1.85M 0.24% | 25.30K | 0.00 | 0.00 |
JOBY AVIATION INCDFND | COMMON STOCK | 304.78K | SH | $1.83M 0.24% | 304.78K | 0.00 | 0.00 |
NUVEEN NASDAQ 100 DYNAMIC OVDFND | COM SHS | 74.15K | SH | $1.76M 0.23% | 74.15K | 0.00 | 0.00 |
GCM GROSVENOR INCDFND | *W EXP 11/17/202 | 962.53K | SH | $1.67M 0.22% | 962.53K | 0.00 | 0.00 |
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