Ionic Capital Management 13F annual report

Ionic Capital Management is an investment fund managing more than $147 billion ran by Steven Vecchio. There are currently 53 companies in Mr. Vecchio’s portfolio. The largest investments include Flex Ltd and Travel Plus Leisure Co, together worth $38.7 billion.

$147 billion Assets Under Management (AUM)

As of 7th August 2023, Ionic Capital Management’s top holding is 784,685 shares of Flex Ltd currently worth over $21.7 billion and making up 14.8% of the portfolio value. Relative to the number of outstanding shares of Flex Ltd, Ionic Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 421,366 shares of Travel Plus Leisure Co worth $17 billion. The third-largest holding is Constellium SE worth $12.5 billion and the next is Bowlero Corp worth $8.53 billion, with 732,574 shares owned.

Currently, Ionic Capital Management's portfolio is worth at least $147 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Ionic Capital Management

The Ionic Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Steven Vecchio serves as the Chief Compliance Officer and Associate General Counsel at Ionic Capital Management.

Recent trades

In the most recent 13F filing, Ionic Capital Management revealed that it had opened a new position in Wolfspeed Inc and bought 60,890 shares worth $3.38 billion.

The investment fund also strengthened its position in Constellium SE by buying 20,000 additional shares. This makes their stake in Constellium SE total 727,391 shares worth $12.5 billion. Constellium SE dropped approximately 0.1% in the past year.

On the other hand, there are companies that Ionic Capital Management is getting rid of from its portfolio. Ionic Capital Management closed its position in Ast Spacemobile Inc on 14th August 2023. It sold the previously owned 399,553 shares for $2.03 billion. Steven Vecchio also disclosed a decreased stake in Flex Ltd by approximately 0.1%. This leaves the value of the investment at $21.7 billion and 784,685 shares.

One of the smallest hedge funds

The two most similar investment funds to Ionic Capital Management are Wisconsin Capital Management and Parisi Gray Wealth Management. They manage $147 billion and $147 billion respectively.


Steven Vecchio investment strategy

Ionic Capital Management’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Technology — making up 28.7% of the total portfolio value. The fund focuses on investments in the United States as 35.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 13% of the total holdings value. On the other hand, small-cap stocks make up only 1.9% of the portfolio. The average market cap of the portfolio companies is close to $60.9 billion.

The complete list of Ionic Capital Management trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Flex Ltd
5.51%
784,685
$21,688,693,000 14.78%
Travel Plus Leisure Co
No change
421,366
$16,997,904,000 11.58%
Constellium SE
2.83%
727,391
$12,511,125,000 8.53%
Bowlero Corp
951.37%
732,574
$8,527,161,000 5.81%
DXC Technology Co
56.05%
285,600
$7,631,232,000 5.20%
Gxo Logistics Incorporated
No change
119,500
$7,506,990,000 5.12%
Alight Inc.
9.97%
771,906
$7,132,411,000 4.86%
Whole Earth Brands, Inc.
17.14%
1,266,967
$5,093,207,000 3.47%
Perrigo Co Plc
16.67%
140,000
$4,753,000,000 3.24%
Capri Holdings Limited
14.62%
98,003
$3,517,328,000 2.40%
Wolfspeed Inc
Opened
60,890
$3,384,875,000 2.31%
Janus International Group In
15.32%
307,651
$3,279,560,000 2.23%
Liberty Global plc
26.81%
153,635
$2,730,094,000 1.86%
WestRock Co
24.59%
92,000
$2,674,440,000 1.82%
Avantor, Inc.
8.40%
129,000
$2,649,660,000 1.81%
Performance Food Group Company
22.79%
40,919
$2,464,961,000 1.68%
Fedex Corp
19.75%
8,258
$2,047,158,000 1.40%
Ast Spacemobile Inc
Closed
399,553
$2,029,729,000
Manchester Utd Plc New
6.46%
78,570
$1,915,537,000 1.31%
Mirion Technologies Inc
Closed
222,028
$1,896,119,000
Alphabet Inc
28.96%
14,889
$1,782,213,000 1.21%
Bank America Corp
6.28%
58,534
$1,679,340,000 1.14%
Coherent Corp
No change
31,798
$1,621,062,000 1.10%
Disney Walt Co
4.59%
17,022
$1,519,724,000 1.04%
Caesars Entertainment Inc Ne
331.97%
28,186
$1,436,640,000 0.98%
Absolute Software Corporation
Opened
125,000
$1,432,500,000 0.98%
Ardagh Metal Packaging S A
No change
377,115
$1,417,952,000 0.97%
IAC Inc
41.35%
21,700
$1,362,760,000 0.93%
United Rentals, Inc.
Opened
2,900
$1,291,573,000 0.88%
Franchise Group Inc
Opened
45,000
$1,288,800,000 0.88%
T-Mobile US, Inc.
Closed
8,400
$1,216,656,000
Mexico Equity & Income Fd
No change
120,887
$1,213,875,000 0.83%
World Wrestling Entmt Inc
Closed
13,200
$1,204,632,000
Marblegate Acquisition Corp
33.33%
100,000
$1,042,000,000 0.71%
Rogers Corp.
No change
6,314
$1,022,426,000 0.70%
Icahn Enterprises Lp
Opened
33,315
$967,134,000 0.66%
Sprott Physical Silver Tr
71.89%
122,542
$954,602,000 0.65%
Spdr Ser Tr
No change
34,450
$1,891,730,000 1.29%
VanEck ETF Trust
228.99%
35,630
$1,561,379,000 1.06%
Ishares Tr
No change
6,500
$1,455,215,000 0.99%
KBR Inc
40.00%
14,000
$910,840,000 0.62%
Elanco Animal Health Inc
No change
80,000
$804,800,000 0.55%
The Lion Electric Company
Closed
428,000
$796,080,000
Amazon.com Inc.
25.56%
5,609
$731,189,000 0.50%
Proshares Tr
Opened
33,484
$630,839,000 0.43%
Spdr Gold Tr
45.39%
2,948
$525,540,000 0.36%
Zoom Video Communications In
Closed
7,107
$524,781,000
Roku Inc
Closed
7,820
$514,712,000
Activision Blizzard Inc
Closed
6,000
$513,540,000
Fisker Inc.
64.68%
84,249
$475,164,000 0.32%
Mexico Fd Inc
No change
27,500
$461,450,000 0.31%
Exact Sciences Corp.
Closed
6,421
$435,408,000
Coinbase Global Inc
Closed
6,012
$406,231,000
UiPath, Inc.
Closed
22,747
$399,437,000
Shopify Inc
Closed
7,864
$377,000,000
Block Inc
Closed
5,287
$362,953,000
Rivian Automotive, Inc.
Opened
18,939
$315,524,000 0.22%
Tesla Inc
Closed
1,451
$301,024,000
Twilio Inc
Closed
3,896
$259,590,000
Global Business Travel Group
Closed
38,658
$256,303,000
Teladoc Health Inc
Closed
9,890
$256,151,000
Vodafone Group plc
Closed
23,100
$255,024,000
Roblox Corporation
Closed
5,538
$249,099,000
Unity Software Inc.
Closed
7,187
$233,146,000
Pagerduty Inc
Closed
6,333
$221,528,000
CRISPR Therapeutics AG
Closed
4,721
$213,531,000
Intellia Therapeutics Inc
Closed
5,685
$211,880,000
Robinhood Mkts Inc
Closed
16,955
$164,633,000
Skillsoft Corp
Closed
80,050
$160,100,000
Embark Technology Inc
Closed
53,300
$149,773,000
Pacific Biosciences Calif In
Closed
12,062
$139,678,000
Pacwest Bancorp
Opened
15,696
$127,922,000 0.09%
Ginkgo Bioworks Holdings Inc
Closed
90,085
$119,813,000
Cano Health Inc
26.94%
78,223
$108,730,000 0.07%
Coeptis Therapeutics Hldgs I
Opened
45,000
$69,750,000 0.05%
Bakkt Holdings Inc
Opened
45,264
$55,675,000 0.04%
Hyzon Motors Inc
Closed
51,744
$42,177,000
Desktop Metal, Inc.
Opened
23,036
$40,774,000 0.03%
Cerus Corp.
Closed
11,321
$33,623,000
Invitae Corp
Closed
16,556
$22,351,000
Innoviz Technologies Ltd
Opened
7,000
$19,880,000 0.01%
Finance Of America Compan
Closed
15,067
$18,683,000
Vicarious Surgical Inc
Closed
8,091
$18,367,000
Fastly Inc
Closed
1,024
$18,186,000
Sonder Holdings Inc
No change
18,238
$9,675,000 0.01%
Oppfi Inc
83.07%
2,567
$5,237,000 0.00%
Eve Hldg Inc
Opened
100
$1,048,000 0.00%
Microvast Holdings Inc
Closed
15
$18,000
No transactions found
Showing first 500 out of 88 holdings