Ionic Capital Management

Ionic Capital Management as of March 31, 2012

Portfolio Holdings for Ionic Capital Management

Ionic Capital Management holds 140 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Market Vectors Gold Miners ETF 8.3 $255M 5.1M 49.54
iShares Dow Jones US Real Estate (IYR) 6.4 $196M 3.1M 62.30
Direxion Daily Fin Bull 3x dly (FAS) 3.9 $119M 1.1M 109.15
United States Oil Fund 3.8 $117M 3.0M 39.23
Wal-Mart Stores (WMT) 3.8 $115M 1.9M 61.20
Us Natural Gas Fd Etf 3.5 $109M 6.8M 15.92
Coca-Cola Company (KO) 3.3 $100M 1.4M 74.01
Citigroup Inc unit 2.7 $84M 807k 103.53
Microsoft Corporation (MSFT) 2.6 $79M 2.4M 32.25
Kinder Morgan (KMI) 2.5 $75M 1.9M 38.65
Anglogold Ashanti Holdings Fin pfd cv 2.1 $65M 1.5M 43.08
ConocoPhillips (COP) 2.0 $61M 802k 76.01
Ford Motor Company (F) 1.6 $50M 4.0M 12.48
iShares MSCI Emerging Markets Indx (EEM) 1.6 $48M 1.1M 42.94
Target Corporation (TGT) 1.5 $45M 778k 58.28
Freeport-McMoRan Copper & Gold (FCX) 1.5 $45M 1.2M 38.04
iShares MSCI EAFE Index Fund (EFA) 1.4 $44M 800k 54.89
Fastenal Company (FAST) 1.4 $44M 811k 54.10
Barclays Bk Plc ipth s^p vix 1.4 $43M 2.6M 16.78
Ralph Lauren Corp (RL) 1.4 $44M 250k 174.33
Vale Cap Ii gtd cv 6.75%12 1.4 $41M 649k 63.55
Citigroup (C) 1.2 $38M 1.0M 36.55
Boeing Company (BA) 1.1 $34M 459k 74.37
iShares Russell 2000 Index (IWM) 1.1 $33M 400k 82.81
Textron Inc note 4.500% 5/0 1.1 $32M 15M 2.15
Baidu (BIDU) 1.0 $32M 220k 145.77
Tractor Supply Company (TSCO) 1.0 $30M 330k 90.56
E.I. du Pont de Nemours & Company 1.0 $30M 569k 52.90
Honeywell International (HON) 1.0 $30M 493k 61.05
Direxion Shs Etf Tr dly gld min br 0.9 $29M 693k 41.97
Walgreen Company 0.9 $29M 850k 33.49
Starbucks Corporation (SBUX) 0.9 $29M 512k 55.89
IntercontinentalEx.. 0.9 $29M 207k 137.42
Nuance Communications Inc dbcv 2.750% 8/1 0.9 $28M 19M 1.46
Cliffs Natural Resources 0.9 $27M 395k 69.26
Hewlett-Packard Company 0.9 $27M 1.1M 23.83
Merck & Co (MRK) 0.8 $26M 678k 38.40
iShares Silver Trust (SLV) 0.8 $26M 828k 31.38
PNC Financial Services (PNC) 0.8 $26M 400k 64.49
priceline.com Incorporated 0.8 $24M 33k 717.50
Mosaic (MOS) 0.8 $24M 435k 55.29
BP (BP) 0.8 $24M 523k 45.00
Holdings Inc Note 5.25 0.8 $23M 12M 1.93
Coinstar Inc note 4.000% 9/0 0.7 $23M 13M 1.69
Royal Dutch Shell 0.7 $22M 318k 70.13
Corning Incorporated (GLW) 0.7 $22M 1.6M 14.08
Virgin Media Inc note 6.500%11/1 0.7 $21M 14M 1.55
Yahoo! 0.7 $21M 1.4M 15.22
Newfield Exploration 0.7 $21M 590k 34.68
Goldman Sachs (GS) 0.7 $20M 161k 124.37
Exxon Mobil Corporation (XOM) 0.6 $20M 226k 86.73
iShares FTSE/Xinhua China 25 Index (FXI) 0.6 $18M 496k 36.67
Vale Cap Ii valep 6.75%12 0.6 $18M 255k 71.16
Seadrill 0.6 $18M 474k 37.51
Wells Fargo & Company (WFC) 0.5 $17M 485k 34.14
Suncor Energy (SU) 0.5 $15M 442k 32.70
General Electric Company 0.5 $14M 694k 20.07
Harley-Davidson (HOG) 0.5 $14M 280k 49.08
Estee Lauder Companies (EL) 0.4 $14M 220k 61.94
Halliburton Company (HAL) 0.4 $13M 396k 33.19
Encana Corp 0.4 $13M 670k 19.65
Proshares Tr Ii shrt silv 0.4 $13M 1.3M 10.55
Nuance Communications 0.4 $13M 491k 25.58
Amazon (AMZN) 0.4 $12M 61k 202.50
Comcast Corporation 0.4 $12M 395k 29.51
Cree 0.4 $12M 372k 31.63
Pfizer (PFE) 0.4 $12M 506k 22.65
AFLAC Incorporated (AFL) 0.4 $11M 247k 45.99
St Mary Ld & Expl Co note 3.500% 4/0 0.3 $11M 8.2M 1.30
SPDR Gold Trust (GLD) 0.3 $9.9M 61k 162.12
Resolute Energy 0.3 $9.4M 822k 11.38
MetLife (MET) 0.3 $8.9M 239k 37.35
Technology SPDR (XLK) 0.3 $9.0M 297k 30.16
J.M. Smucker Company (SJM) 0.3 $8.6M 106k 81.37
Autodesk (ADSK) 0.3 $8.0M 190k 42.32
Verizon Communications (VZ) 0.2 $7.6M 200k 38.23
Weatherford International Lt reg 0.2 $7.5M 500k 15.09
United Parcel Service (UPS) 0.2 $7.1M 88k 80.72
Michael Kors Holdings 0.2 $7.0M 150k 46.59
Petroleo Brasileiro SA (PBR) 0.2 $6.2M 232k 26.56
AngloGold Ashanti 0.2 $5.8M 156k 36.92
VMware 0.2 $5.9M 53k 112.37
Financial Select Sector SPDR (XLF) 0.2 $5.8M 366k 15.80
Nielsen Holdings Nv 0.2 $5.9M 195k 30.14
Coach 0.2 $5.4M 70k 77.29
Supervalu 0.2 $5.7M 993k 5.71
El Paso Corporation 0.2 $5.1M 173k 29.55
National Retail Properties I note 3.950% 9/1 0.2 $5.1M 4.5M 1.14
McDonald's Corporation (MCD) 0.2 $4.8M 49k 98.10
American Eagle Outfitters (AEO) 0.2 $5.0M 291k 17.19
Cemex SAB de CV (CX) 0.1 $4.2M 540k 7.76
Zions Bancorporation *w exp 05/22/202 0.1 $4.2M 840k 4.95
Cisco Systems (CSCO) 0.1 $4.0M 189k 21.15
Chevron Corporation (CVX) 0.1 $3.6M 33k 107.23
Industrial SPDR (XLI) 0.1 $3.6M 97k 37.41
Metlife Inc 5% 10/0/14 Conv Pr cv prf 0.1 $3.7M 53k 70.74
Dow Chemical Company 0.1 $3.5M 101k 34.64
Las Vegas Sands (LVS) 0.1 $3.3M 57k 57.57
Teradyne (TER) 0.1 $3.4M 204k 16.89
Ball Corporation (BALL) 0.1 $3.3M 78k 42.87
Verisign (VRSN) 0.1 $3.0M 77k 38.34
AboveNet 0.1 $3.0M 37k 82.79
Johnson Controls 0.1 $2.9M 89k 32.48
Kimco Realty Corporation (KIM) 0.1 $2.9M 150k 19.26
Comcast Corporation (CMCSA) 0.1 $2.4M 80k 30.01
Crocs (CROX) 0.1 $2.5M 118k 20.93
Abbott Laboratories (ABT) 0.1 $2.6M 42k 61.29
Johnson & Johnson (JNJ) 0.1 $2.3M 35k 65.97
Avon Products 0.1 $2.6M 133k 19.36
Omni (OMC) 0.1 $2.6M 51k 50.65
Jabil Circuit (JBL) 0.1 $2.4M 95k 25.12
Direxion Shs Etf Tr dly gld min bl 0.1 $2.5M 153k 16.36
Level 3 Communications 0.1 $2.6M 100k 25.74
Resolute Energy Corp *w exp 09/25/201 0.1 $2.2M 1.5M 1.49
Canadian Natural Resources (CNQ) 0.1 $1.9M 58k 33.18
Marathon Oil Corporation (MRO) 0.1 $1.9M 61k 31.70
Urban Outfitters (URBN) 0.1 $1.6M 55k 29.11
Great Plains Energy Inc unit 06/15/2042 0.1 $1.5M 25k 61.20
Annaly Capital Management 0.0 $1.3M 81k 15.82
Express Scripts 0.0 $1.4M 25k 54.20
Ulta Salon, Cosmetics & Fragrance (ULTA) 0.0 $1.2M 13k 92.89
CBL & Associates Properties 0.0 $1.3M 70k 18.91
Ford Mtr Co Del *w exp 01/01/201 0.0 $1.1M 322k 3.48
Mitek Systems (MITK) 0.0 $1.3M 111k 11.60
Rbc Cad (RY) 0.0 $842k 15k 58.07
American International (AIG) 0.0 $832k 27k 30.81
General Motors Company (GM) 0.0 $846k 33k 25.64
Marathon Petroleum Corp (MPC) 0.0 $915k 21k 43.36
Liberty Media Corp lcpad 0.0 $811k 9.2k 88.15
Ruby Tuesday 0.0 $545k 60k 9.13
InterOil Corporation 0.0 $488k 9.5k 51.37
Semgroup Corp cl a 0.0 $708k 24k 29.14
Universal American 0.0 $631k 59k 10.79
Medco Health Solutions 0.0 $457k 6.5k 70.31
Symantec Corporation 0.0 $327k 18k 18.69
Total (TTE) 0.0 $322k 6.3k 51.11
Stillwater Mining Company 0.0 $253k 20k 12.65
Rowan Companies 0.0 $296k 9.0k 32.89
Hercules Offshore 0.0 $435k 92k 4.73
Dole Food Company 0.0 $165k 17k 10.00