IONIC CAPITAL MANAGEMENT LLC
Q4 2023 Form 13-F
NEW YORK, NEW YORK
CIK 0001386462
· CRD 156400
· SEC-registered investment adviser
$407.7M Reported Value Total
IONIC CAPITAL MANAGEMENT LLC reports 14 total accounts under management (AUM). There are 14 discretionary accounts valued at $3,030,399,721, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
20 funds
· $5.2B gross asset value
Hedge Fund: $5.2B
Source: Form ADV filed 2026-08-26
Reported value
$407.7M
Quarter over quarter
+9.8%
Holdings
130
Top-10 concentration
46.6%
Filing Structure
Reports holdings for
- Ionic Capital Partners LP (not a 13F filer in our records) · File #028-12955 · Q2 2013 – Q4 2017
- Aurora Investment Management L.L.C. (not a 13F filer in our records) · File #028-16950 · Q4 2014 – Q1 2015 · declared by one filing
Key People
Form ADV owners & control persons
Bart Ethan Baum
LIMITED PARTNER
Daniel Lazard Stone
LIMITED PARTNER
Lawrence Joseph Baum
CHIEF RISK OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q4 2023 13F record
Q4 2023 13F filing summary
| Period of report | December 31, 2023 |
|---|---|
| Filed | February 14, 2024 |
| Form | 13F-HR |
| Reported value | $407.7M |
| Positions | 130 |
| Change in reported value | -0.7% |
| New positions | 29 |
| Exited positions | 80 |
| Position turnover | 51.9% |
| Top-10 concentration | 46.6% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
101 | $690.3M |
|
Q1 2026 13F
Filed May 15, 2026
|
137 | $1.4B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
115 | $785.9M |
|
Q3 2025 13F
Filed Nov 14, 2025
|
88 | $958.5M |
|
Q2 2025 13F
Filed Aug 14, 2025
|
101 | $349.4M |
|
Q1 2025 13F
Filed May 15, 2025
|
83 | $763.1M |
|
Q4 2024 13F
Filed Feb 14, 2025
|
69 | $977.0M |
|
Q3 2024 13F
Filed Nov 14, 2024
|
91 | $577.5M |
|
Q2 2024 13F
Filed Aug 14, 2024
|
105 | $585.9M |
|
Q1 2024 13F
Filed May 15, 2024
|
102 | $310.3M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
130 | $407.7M |
|
Q3 2023 13F
Filed Nov 14, 2023
|
180 | $410.6M |
|
Q2 2023 13F
Filed Aug 14, 2023
|
201 | $350.4M |
|
Q1 2023 13F
Filed May 15, 2023
|
281 | $342.9M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
269 | $422.4M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
337 | $728.5M |
|
Q2 2022 13F
Filed Aug 15, 2022
|
307 | $842.1M |
|
Q1 2022 13F
Filed May 16, 2022
|
305 | $877.8M |
|
Q4 2021 13F
Filed Feb 14, 2022
|
282 | $785.7M |
|
Q3 2021 13F
Filed Nov 15, 2021
|
248 | $790.4M |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | QQQ P INVESCO QQQ TR | $69.6M | 17.08% |
| 2 | EEM C ISHARES TR | $20.1M | 4.93% |
| 3 | XLI P SELECT SECTOR SPDR TR | $19.4M | 4.75% |
| 4 | EEM P ISHARES TR | $18.1M | 4.44% |
| 5 | CSTM CONSTELLIUM SE | $11.6M | 2.85% |
| 6 | ALIT ALIGHT INC | $10.7M | 2.62% |
| 7 | TNL TRAVEL PLUS LEISURE CO | $10.6M | 2.6% |
| 8 | FLEX FLEX LTD | $10.4M | 2.56% |
| 9 | BOWL BOWLERO CORP | $9.9M | 2.43% |
| 10 | XLP C SELECT SECTOR SPDR TR | $9.4M | 2.3% |
| 11 | EWZ P ISHARES INC | $8.7M | 2.14% |
| 12 | QQQ C INVESCO QQQ TR | $8.2M | 2.01% |
| 13 | XLP P SELECT SECTOR SPDR TR | $7.2M | 1.77% |
| 14 | GXO GXO LOGISTICS INCORPORATED | $6.6M | 1.62% |
| 15 | AAPL APPLE INC | $6.3M | 1.55% |
| 16 | PRGO PERRIGO CO PLC | $6.1M | 1.5% |
| 17 | ZION P ZIONS BANCORPORATION N A | $5.7M | 1.41% |
| 18 | XLI C SELECT SECTOR SPDR TR | $5.7M | 1.4% |
| 19 | DOCN 0 12/01/26 DIGITALOCEAN HLDGS INC | $5.4M | 1.32% |
| 20 | FREE WHOLE EARTH BRANDS INC | $4.8M | 1.19% |
Values as reported on the Q4 2023 Form 13F. Every position is in the holdings table below.