# EDGAR Filing Document

**Accession Number:** 0001386462
**File Stem:** 0000929638-25-004285
**Filing Date:** 2025-11
**Character Count:** 17064
**Document Hash:** a181cf282ed6b4a399701027903aa1eb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-25-004285.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0000929638-25-004285

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ionic Capital Management LLC
- **CENTRAL INDEX KEY:** 0001386462

**ORGANIZATION NAME:**
- **EIN:** 680629832
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12913
- **FILM NUMBER:** 251485564

**BUSINESS ADDRESS:**
- **STREET 1:** 475 FIFTH AVENUE
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-294-8531

**MAIL ADDRESS:**
- **STREET 1:** 475 FIFTH AVENUE
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Ionic Capital Management LLC<br>**Address:** 475 FIFTH AVENUE<br>9TH FLOOR<br>NEW YORK, NY 10017

**Form 13F File Number:** 028-12913

**CRD Number (if applicable):** 000156400

**SEC File Number (if applicable):** 801-72188

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Steven Vecchio<br>**Title:** Chief Compliance Officer and Associate General Counsel<br>**Phone:** (212) 294-8500

**Signature, Place, and Date of Signing:**

/s/ Steven Vecchio  New York, NY  11-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 130

**Form 13F Information Table Value Total:** $958491174

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 669811 | 4140 | SH |  | DFND |  | 4140 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 768539 | 4300 | SH | Call | DFND |  | 4300 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1779436 | 9956 | SH |  | DFND |  | 9956 | 0 | 0 |
| ALIGHT INC | COM CL A | 01626W101 |  | 1850872 | 567752 | SH |  | DFND |  | 567752 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1409980 | 5800 | SH | Call | DFND |  | 5800 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 450119 | 2050 | SH |  | DFND |  | 2050 | 0 | 0 |
| AMCOR PLC O | RD | G0250X107 |  | 572600 | 70000 | SH | Call | DFND |  | 70000 | 0 | 0 |
| AMCOR PLC O | RD | G0250X107 |  | 988144 | 120800 | SH |  | DFND |  | 120800 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 903427 | 3548 | SH |  | DFND |  | 3548 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 962278 | 4700 | SH | Put | DFND |  | 4700 | 0 | 0 |
| ARCHER AVIATION INC | *W EXP 09/16/202 | 03945R110 |  | 38021 | 17361 | SH |  | DFND |  | 17361 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 774472 | 800 | SH | Put | DFND |  | 800 | 0 | 0 |
| AST SPACEMOBILE INC | COM CL A | 00217D100 |  | 245645 | 5005 | SH |  | DFND |  | 5005 | 0 | 0 |
| ATLANTA BRAVES HLDGS INC | COM SER A | 047726104 |  | 310060 | 6819 | SH |  | DFND |  | 6819 | 0 | 0 |
| ATLANTA BRAVES HLDGS INC | COM SER C | 047726302 |  | 590121 | 14189 | SH |  | DFND |  | 14189 | 0 | 0 |
| ATMUS FILTRATION TECHNOLOGIE | COM | 04956D107 |  | 3082127 | 68355 | SH |  | DFND |  | 68355 | 0 | 0 |
| AURORA INNOVATION INC | *W EXP 11/03/202 | 051774115 |  | 373385 | 643767 | SH |  | DFND |  | 643767 | 0 | 0 |
| AURORA INNOVATION INC | CLASS A COM | 051774107 |  | 1078000 | 200000 | SH | Put | DFND |  | 200000 | 0 | 0 |
| AURORA INNOVATION INC | CLASS A COM | 051774107 |  | 179196 | 33246 | SH |  | DFND |  | 33246 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 724735 | 5500 | SH | Call | DFND |  | 5500 | 0 | 0 |
| BLAIZE HLDGS INC | *W EXP 01/13/203 | 092915115 |  | 74296 | 119600 | SH |  | DFND |  | 119600 | 0 | 0 |
| BLUE GOLD LTD | *W EXP 04/01/203 | G1331C112 |  | 12479 | 27271 | SH |  | DFND |  | 27271 | 0 | 0 |
| BOREALIS FOODS INC | *W EXP 02/07/202 | 09973D113 |  | 5355 | 70000 | SH |  | DFND |  | 70000 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 583880 | 11000 | SH |  | DFND |  | 11000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 998638 | 3027 | SH |  | DFND |  | 3027 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 1091250 | 9000 | SH |  | DFND |  | 9000 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 1621500 | 60000 | SH |  | DFND |  | 60000 | 0 | 0 |
| CAMTEK LTD | ORD | M20791105 |  | 787875 | 7500 | SH | Put | DFND |  | 7500 | 0 | 0 |
| CHURCHILL CAP CORP X | SHS CL A | G2130T108 |  | 1607500 | 125000 | SH |  | DFND |  | 125000 | 0 | 0 |
| CIPHER MINING INC | COM | 17253J106 |  | 1007200 | 80000 | SH |  | DFND |  | 80000 | 0 | 0 |
| COEUR MNG INC | COM NEW | 192108504 |  | 5628000 | 300000 | SH | Put | DFND |  | 300000 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 1938960 | 18000 | SH |  | DFND |  | 18000 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 504210 | 1494 | SH |  | DFND |  | 1494 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 |  | 803000 | 100000 | SH | Call | DFND |  | 100000 | 0 | 0 |
| CONFLUENT INC | CLASS A COM | 20717M103 |  | 1287000 | 65000 | SH | Call | DFND |  | 65000 | 0 | 0 |
| CONSTELLIUM SE | CL A SHS | F21107101 |  | 3252262 | 218566 | SH |  | DFND |  | 218566 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 1524900 | 85000 | SH | Call | DFND |  | 85000 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 82110 | 600 | SH | Call | DFND |  | 600 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 957950 | 7000 | SH |  | DFND |  | 7000 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 492180 | 6000 | SH |  | DFND |  | 6000 | 0 | 0 |
| DOLE PLC | ORD SHS | G27907107 |  | 672000 | 50000 | SH | Call | DFND |  | 50000 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 302550 | 1500 | SH |  | DFND |  | 1500 | 0 | 0 |
| EVGO INC | CL A COM | 30052F100 |  | 473000 | 100000 | SH | Call | DFND |  | 100000 | 0 | 0 |
| EVOLV TECHNOLOGIES HLDNGS IN | *W EXP 07/16/202 | 30049H110 |  | 144006 | 197268 | SH |  | DFND |  | 197268 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 2855196 | 49253 | SH |  | DFND |  | 49253 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 1859900 | 35000 | SH |  | DFND |  | 35000 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1764900 | 45000 | SH | Call | DFND |  | 45000 | 0 | 0 |
| GAMESTOP CORP NEW | CL A | 36467W109 |  | 2046000 | 75000 | SH | Put | DFND |  | 75000 | 0 | 0 |
| GCT SEMICONDUCTOR HLDG INC | *W EXP 03/01/202 | 36170N115 |  | 126188 | 673000 | SH |  | DFND |  | 673000 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 4116550 | 145000 | SH | Put | DFND |  | 145000 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 31683 | 1116 | SH |  | DFND |  | 1116 | 0 | 0 |
| GEN DIGITAL INC | RIGHT 99/99/9999 | 668771116 |  | 461210 | 62410 | SH |  | DFND |  | 62410 | 0 | 0 |
| GLOBAL BUSINESS TRAVEL GROUP | COM CL A | 37890B100 |  | 1357497 | 168007 | SH |  | DFND |  | 168007 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 |  | 2668553 | 46596 | SH |  | DFND |  | 46596 | 0 | 0 |
| GSR III ACQUISITION CORP | CL A | G4R103107 |  | 518000 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 |  | 4149168 | 78449 | SH |  | DFND |  | 78449 | 0 | 0 |
| HELPORT AI LTD | *W EXP 03/31/202 | G4R52R111 |  | 16321 | 82640 | SH |  | DFND |  | 82640 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 1399920 | 57000 | SH |  | DFND |  | 57000 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 1637300 | 3500 | SH | Call | DFND |  | 3500 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 2180750 | 65000 | SH | Call | DFND |  | 65000 | 0 | 0 |
| IQIYI INC | SPONSORED ADS | 46267X108 |  | 779776 | 304600 | SH | Put | DFND |  | 304600 | 0 | 0 |
| ISHARES ETHEREUM TR | SHS | 46438R105 |  | 927087 | 29422 | SH |  | DFND |  | 29422 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 15500000 | 500000 | SH | Call | DFND |  | 500000 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 21700000 | 700000 | SH | Put | DFND |  | 700000 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 81190000 | 1000000 | SH | Call | DFND |  | 1000000 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 426247500 | 5250000 | SH | Put | DFND |  | 5250000 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 863517 | 3185 | SH |  | DFND |  | 3185 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 186900000 | 3500000 | SH | Call | DFND |  | 3500000 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 48392000 | 200000 | SH | Call | DFND |  | 200000 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 48392000 | 200000 | SH | Put | DFND |  | 200000 | 0 | 0 |
| JAMES HARDIE INDS PLC | ORD SHS | G4253H101 |  | 1760155 | 91627 | SH |  | DFND |  | 91627 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 902484 | 25800 | SH | Call | DFND |  | 25800 | 0 | 0 |
| JOBY AVIATION INC | *W EXP 08/10/202 | G65163118 |  | 314490 | 52415 | SH |  | DFND |  | 52415 | 0 | 0 |
| K WAVE MEDIA LTD | *W EXP 05/14/203 | G53151125 |  | 58000 | 400000 | SH |  | DFND |  | 400000 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 637750 | 25000 | SH | Call | DFND |  | 25000 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 843570 | 6300 | SH | Put | DFND |  | 6300 | 0 | 0 |
| LANVIN GROUP HOLDINGS LIMITE | *W EXP 01/14/202 | G5380J118 |  | 36045 | 1917304 | SH |  | DFND |  | 1917304 | 0 | 0 |
| LIFEWAY FOODS INC | COM | 531914109 |  | 499680 | 18000 | SH |  | DFND |  | 18000 | 0 | 0 |
| LIONSGATE STUDIOS CORP | COM | 53626N102 |  | 728371 | 105561 | SH |  | DFND |  | 105561 | 0 | 0 |
| LISTED FDS TR | ROUNDHILL MAGNIF | 53656G498 |  | 1152043 | 17762 | SH |  | DFND |  | 17762 | 0 | 0 |
| LIVEWIRE GROUP INC | *W EXP 09/26/202 | 53838J113 |  | 110512 | 1522201 | SH |  | DFND |  | 1522201 | 0 | 0 |
| MANCHESTER UTD PLC NEW | ORD CL A | G5784H106 |  | 517485 | 34180 | SH |  | DFND |  | 34180 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 954694 | 1300 | SH |  | DFND |  | 1300 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1611459 | 9631 | SH |  | DFND |  | 9631 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 590001 | 2799 | SH |  | DFND |  | 2799 | 0 | 0 |
| NET POWER INC | *W EXP 06/08/202 | 64107A113 |  | 158391 | 211188 | SH |  | DFND |  | 211188 | 0 | 0 |
| NIOCORP DEVS LTD | *W EXP 03/17/202 | 654484153 |  | 363540 | 197576 | SH |  | DFND |  | 197576 | 0 | 0 |
| NIOCORP DEVS LTD | COM NEW | 654484609 |  | 334000 | 50000 | SH | Put | DFND |  | 50000 | 0 | 0 |
| NORTHERN DYNASTY MINERALS LT | COM NEW | 66510M204 |  | 621000 | 517500 | SH |  | DFND |  | 517500 | 0 | 0 |
| NUVEEN DOW 30 DYNMC OVERWRT | SHS | 67075F105 |  | 1078140 | 72407 | SH |  | DFND |  | 72407 | 0 | 0 |
| NUVEEN NASDAQ 100 DYNAMIC OV | COM SHS | 670699107 |  | 1898749 | 69146 | SH |  | DFND |  | 69146 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1480885 | 7937 | SH |  | DFND |  | 7937 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 |  | 3237395 | 3500000 | PRN |  | DFND |  | 3500000 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 145269 | 18227 | SH |  | DFND |  | 18227 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 963542 | 5282 | SH |  | DFND |  | 5282 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 832671 | 6300 | SH | Call | DFND |  | 6300 | 0 | 0 |
| PENN ENTERTAINMENT INC | COM | 707569109 |  | 770400 | 40000 | SH |  | DFND |  | 40000 | 0 | 0 |
| PLANET LABS PBC | COM CL A | 72703X106 |  | 1323960 | 102000 | SH | Put | DFND |  | 102000 | 0 | 0 |
| POWERFLEET INC | COM | 73931J109 |  | 1860079 | 354977 | SH |  | DFND |  | 354977 | 0 | 0 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 2263880 | 102438 | SH |  | DFND |  | 102438 | 0 | 0 |
| PURECYCLE TECHNOLOGIES INC | *W EXP 03/17/202 | 74623V111 |  | 254193 | 75205 | SH |  | DFND |  | 75205 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | *W EXP 08/21/202 | G7500M120 |  | 9120 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| RH | COM | 74967X103 |  | 2173812 | 10700 | SH |  | DFND |  | 10700 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 211920 | 10935 | SH |  | DFND |  | 10935 | 0 | 0 |
| SEMLER SCIENTIFIC INC | COM | 81684M104 |  | 345000 | 11500 | SH | Call | DFND |  | 11500 | 0 | 0 |
| SHARPLINK GAMING INC | COM NEW | 820014405 |  | 884520 | 52000 | SH |  | DFND |  | 52000 | 0 | 0 |
| SIBANYE STILLWATER LTD | SPONSORED ADR | 82575P107 |  | 1124000 | 100000 | SH | Put | DFND |  | 100000 | 0 | 0 |
| SIBANYE STILLWATER LTD | SPONSORED ADR | 82575P107 |  | 286170 | 25460 | SH |  | DFND |  | 25460 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 698250 | 30000 | SH |  | DFND |  | 30000 | 0 | 0 |
| SOUTHLAND HLDGS INC | *W EXP 02/14/202 | 84445C118 |  | 51886 | 268981 | SH |  | DFND |  | 268981 | 0 | 0 |
| SPERO THERAPEUTICS INC | COM | 84833T103 |  | 392403 | 208725 | SH |  | DFND |  | 208725 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 1063293 | 3300 | SH | Put | DFND |  | 3300 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 645064 | 2002 | SH |  | DFND |  | 2002 | 0 | 0 |
| STRATEGY INC | SERIES A PERP PF | 594972887 |  | 3870565 | 42209 | SH |  | DFND |  | 42209 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 793455 | 16551 | SH |  | DFND |  | 16551 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 1490125 | 9100 | SH |  | DFND |  | 9100 | 0 | 0 |
| TELEPHONE  DATA SYS INC | COM NEW | 879433829 |  | 1147927 | 29254 | SH |  | DFND |  | 29254 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 733788 | 1650 | SH |  | DFND |  | 1650 | 0 | 0 |
| TIDAL TRUST II | DEF DLY TGT 2X L | 88636J253 |  | 203110 | 9500 | SH | Put | DFND |  | 9500 | 0 | 0 |
| TMC THE METALS COMPANY INC | *W EXP 09/09/202 | 87261Y114 |  | 203802 | 194116 | SH |  | DFND |  | 194116 | 0 | 0 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 |  | 3425970 | 57589 | SH |  | DFND |  | 57589 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 764000 | 10000 | SH | Call | DFND |  | 10000 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 2749712 | 35991 | SH |  | DFND |  | 35991 | 0 | 0 |
| VISIONWAVE HOLDINGS INC | *W EXP 07/14/203 | 927950113 |  | 49766 | 120998 | SH |  | DFND |  | 120998 | 0 | 0 |
| VOLATILITY SHS TR | 2X ETHER ETF NEW | 92864M798 |  | 493468 | 3800 | SH | Put | DFND |  | 3800 | 0 | 0 |
| VOLATILITY SHS TR | 2X ETHER ETF NEW | 92864M798 |  | 519 | 4 | SH |  | DFND |  | 4 | 0 | 0 |
| WESTERN AST INFL LKD OPP  I | COM | 95766R104 |  | 1388974 | 156240 | SH |  | DFND |  | 156240 | 0 | 0 |
| WOLFSPEED INC | COMMON STOCK | 97785W106 |  | 1430000 | 50000 | SH | Call | DFND |  | 50000 | 0 | 0 |
| YETI HLDGS INC | COM | 98585X104 |  | 1642410 | 49500 | SH |  | DFND |  | 49500 | 0 | 0 |
| ZOOMINFO TECHNOLOGIES INC | COMMON STOCK | 98980F104 |  | 231227 | 21194 | SH |  | DFND |  | 21194 | 0 | 0 |

---