Ionic Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABERDEEN ASIA PACIFIC INCOM	COM	003009107	846	202,283	SH		DFND		202,283	0	0
ACT II GLOBAL ACQUISITION CO	UNIT 04/30/2026	G0080J112	506	50,000	SH		DFND		50,000	0	0
ADAM NAT RES FD INC	COM	00548F105	2,111	127,600	SH	Call	DFND		127,600	0	0
ADAM NAT RES FD INC	COM	00548F105	1,035	62,573	SH		DFND		62,573	0	0
AGBA ACQUISITION LTD	UNIT 05/10/2024	G0120M133	508	50,691	SH		DFND		50,691	0	0
ALTAIR ENGR INC	NOTE 0.250% 6/0	021369AA1	1,901	1,750,000	PRN		DFND		1,750,000	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	489	15,000	SH	Put	DFND		15,000	0	0
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	2,228	181,896	SH		DFND		181,896	0	0
ASA GOLD AND PRECIOUS MTLS L	SHS	G3156P103	4,166	364,154	SH		DFND		364,154	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	827	5,000	SH	Put	DFND		5,000	0	0
BEYOND MEAT INC	COM	08862E109	707	4,400	SH	Call	DFND		4,400	0	0
BLACKROCK FLOATING RATE INCO	COM	091941104	409	32,910	SH		DFND		32,910	0	0
BLINK CHARGING CO	*W EXP 01/31/202	09354A118	30	60,430	SH		DFND		60,430	0	0
BLINK CHARGING CO	COM	09354A100	150	55,800	SH	Put	DFND		55,800	0	0
BLINK CHARGING CO	COM	09354A100	60	22,516	SH		DFND		22,516	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	889	19,600	SH		DFND		19,600	0	0
CAESARS ENTMT CORP	COM	127686103	586	49,600	SH	Call	DFND		49,600	0	0
CAESARS ENTMT CORP	NOTE 5.000%10/0	127686AA1	0	82	PRN		DFND		82	0	0
CARNIVAL PLC	ADR	14365C103	1,596	35,256	SH		DFND		35,256	0	0
CHESAPEAKE ENERGY CORP	NOTE 5.500% 9/1	165167CY1	984	1,233,000	PRN		DFND		1,233,000	0	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	1,759	2,400	SH	Put	DFND		2,400	0	0
CLOUDERA INC	COM	18914U100	285	54,200	SH		DFND		54,200	0	0
CONSTELLIUM NV	CL A	N22035104	621	61,873	SH		DFND		61,873	0	0
CRAWFORD & CO	CL B	224633107	246	26,376	SH		DFND		26,376	0	0
CRESCENT ACQUISITION CORP	UNIT 99/99/9999	22564L204	439	43,700	SH		DFND		43,700	0	0
CROWN HOLDINGS INC	COM	228368106	2,052	33,580	SH		DFND		33,580	0	0
DEL TACO RESTAURANTS INC	*W EXP 06/30/202	245496112	710	330,046	SH		DFND		330,046	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	837	14,750	SH		DFND		14,750	0	0
ELECTRAMECCANICA VEHS CORP	*W EXP 08/03/202	284849114	130	278,937	SH		DFND		278,937	0	0
ELECTRAMECCANICA VEHS CORP	COM NEW	284849205	637	254,800	SH	Put	DFND		254,800	0	0
ELECTRAMECCANICA VEHS CORP	COM NEW	284849205	61	24,350	SH		DFND		24,350	0	0
EXACT SCIENCES CORP	NOTE 0.375% 3/1	30063PAB1	2,516	2,000,000	PRN		DFND		2,000,000	0	0
FALCON MINERALS CORP	*W EXP 07/21/202	30607B208	155	162,841	SH		DFND		162,841	0	0
FIVE9 INC	NOTE 0.125% 5/0	338307AB7	1,380	996,000	PRN		DFND		996,000	0	0
FOX CORP	CL B COM	35137L204	1,727	47,266	SH		DFND		47,266	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	348	30,000	SH		DFND		30,000	0	0
GCP APPLIED TECHNOLOGIES INC	COM	36164Y101	906	40,000	SH		DFND		40,000	0	0
GIGCAPITAL2 INC	UNIT 02/28/2026	375036209	507	50,500	SH		DFND		50,500	0	0
GX ACQUISITION CORP	UNIT 05/24/2026	36251A206	763	75,920	SH		DFND		75,920	0	0
HAYMAKER ACQUISITION CORP II	UNIT 10/31/2026	42087L200	458	44,821	SH		DFND		44,821	0	0
HEICO CORP NEW	CL A	422806208	294	2,840	SH		DFND		2,840	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	199	13,300	SH		DFND		13,300	0	0
HIGHLAND INCOME FUND	HIGHLAND INCOME	43010E404	6,219	449,378	SH		DFND		449,378	0	0
HILTON GRAND VACATIONS INC	COM	43283X105	1,105	34,730	SH		DFND		34,730	0	0
HILTON WORLDWIDE HLDGS INC	COM	43300A203	1,310	13,400	SH	Put	DFND		13,400	0	0
HOSTESS BRANDS INC	*W EXP 11/04/202	44109J114	1,266	666,324	SH		DFND		666,324	0	0
INTERNATIONAL GAME TECHNOLOG	SHS USD	G4863A108	1,784	137,580	SH		DFND		137,580	0	0
INTL PAPER CO	COM	460146103	433	10,000	SH		DFND		10,000	0	0
INVESCO CURRENCYSHARES EURO	EURO SHS	46138K103	8,889	82,100	SH	Call	DFND		82,100	0	0
INVESCO DYNAMIC CR OPP FD	COM	46132R104	389	34,810	SH		DFND		34,810	0	0
INVESCO SR INCOME TR	COM	46131H107	536	124,115	SH		DFND		124,115	0	0
ISHARES TR	20 YR TR BD ETF	464287432	74,506	561,000	SH	Put	DFND		561,000	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	684	16,000	SH	Call	DFND		16,000	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	6,159	144,000	SH	Put	DFND		144,000	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	1,569	18,000	SH	Call	DFND		18,000	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	192,799	2,211,500	SH	Put	DFND		2,211,500	0	0
ISHARES TR	JPMORGAN USD EMG	464288281	95,164	840,000	SH	Put	DFND		840,000	0	0
ISHARES TR	JPMORGAN USD EMG	464288281	88,977	785,393	SH		DFND		785,393	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	4,845	31,159	SH		DFND		31,159	0	0
J2 GLOBAL INC	NOTE 3.250% 6/1	48123VAC6	2,475	1,779,000	PRN		DFND		1,779,000	0	0
JAZZ INVESTMENTS I LTD	NOTE 1.500% 8/1	472145AD3	890	900,000	PRN		DFND		900,000	0	0
LIBERTY TRIPADVISOR HLDGS IN	COM SER A	531465102	367	29,600	SH		DFND		29,600	0	0
LOWES COS INC	COM	548661107	1,171	11,600	SH	Put	DFND		11,600	0	0
LYFT INC	CL A COM	55087P104	841	12,800	SH	Put	DFND		12,800	0	0
MAGNOLIA OIL & GAS CORP	*W EXP 07/31/202	559663117	1,492	446,609	SH		DFND		446,609	0	0
MARRIOTT INTL INC NEW	CL A	571903202	282	2,008	SH		DFND		2,008	0	0
MARRIOTT VACTINS WORLDWID CO	COM	57164Y107	1,953	20,260	SH		DFND		20,260	0	0
MARRIOTT VACTINS WORLDWID CO	NOTE 1.500% 9/1	57164YAB3	1,587	1,640,000	PRN		DFND		1,640,000	0	0
MFS INTER INCOME TR	SH BEN INT	55273C107	856	221,849	SH		DFND		221,849	0	0
MICROSOFT CORP	COM	594918104	474	3,540	SH		DFND		3,540	0	0
NRC GROUP HLDGS CORP	*W EXP 10/17/202	629375114	261	157,944	SH		DFND		157,944	0	0
NUVEEN CR STRATEGIES INCM FD	COM SHS	67073D102	442	55,840	SH		DFND		55,840	0	0
NUVEEN FLOATING RATE INCOME	COM	67072T108	611	62,043	SH		DFND		62,043	0	0
NUVEEN FLTNG RTE INCM OPP FD	COM SHS	6706EN100	535	54,930	SH		DFND		54,930	0	0
NXP SEMICONDUCTORS N V	NOTE 1.000%12/0	62952QAB6	2,904	2,750,000	PRN		DFND		2,750,000	0	0
ONESPAWORLD HOLDINGS LIMITED	COM	P73684113	1,504	97,000	SH		DFND		97,000	0	0
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	237	15,252	SH		DFND		15,252	0	0
PGIM HIGH YIELD BOND FUND IN	COM	69346H100	1,792	122,521	SH		DFND		122,521	0	0
REALPAGE INC	COM	75606N109	909	15,445	SH		DFND		15,445	0	0
REPLAY ACQUISITION CORP	UNIT 03/01/2024	G75130123	501	50,000	SH		DFND		50,000	0	0
RESTAURANT BRANDS INTL INC	COM	76131D103	1,683	24,200	SH	Put	DFND		24,200	0	0
SEAWORLD ENTMT INC	COM	81282V100	1,048	33,800	SH		DFND		33,800	0	0
SHAKE SHACK INC	CL A	819047101	1,957	27,100	SH	Put	DFND		27,100	0	0
SOHU COM LTD	SPONSORED ADS	83410S108	390	27,885	SH		DFND		27,885	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	3,084	23,150	SH		DFND		23,150	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	365,371	1,247,000	SH	Call	DFND		1,247,000	0	0
STARBUCKS CORP	COM	855244109	1,224	14,600	SH	Put	DFND		14,600	0	0
TOTAL S A	SPONSORED ADS	89151E109	3,141	56,300	SH	Call	DFND		56,300	0	0
TWITTER INC	NOTE 0.250% 6/1	90184LAF9	1,550	1,585,000	PRN		DFND		1,585,000	0	0
UBER TECHNOLOGIES INC	COM	90353T100	645	13,900	SH	Put	DFND		13,900	0	0
UBS AG LONDON BRH	ETRACS MTH 2XLV	90270L842	1,884	130,354	SH		DFND		130,354	0	0
UNITED STATES STL CORP NEW	COM	912909108	1,761	115,000	SH	Put	DFND		115,000	0	0
UNIVAR INC	COM	91336L107	520	23,600	SH		DFND		23,600	0	0
US FOODS HLDG CORP	COM	912008109	1,201	33,585	SH		DFND		33,585	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	5,112	200,000	SH	Call	DFND		200,000	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	10,224	400,000	SH	Put	DFND		400,000	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	2,650	103,662	SH		DFND		103,662	0	0
VANECK VECTORS ETF TR	JR GOLD MINERS E	92189F791	3,056	87,422	SH		DFND		87,422	0	0
VOYA PRIME RATE TR	SH BEN INT	92913A100	1,171	246,012	SH		DFND		246,012	0	0
WILLSCOT CORP	COM	971375126	2,005	133,280	SH		DFND		133,280	0	0
XYNOMIC PHARMACUTCLS HLDNG I	*W EXP 05/15/202	98421X110	21	101,533	SH		DFND		101,533	0	0
ZAYO GROUP HLDGS INC	COM	98919V105	2,477	75,279	SH		DFND		75,279	0	0
ZILLOW GROUP INC	NOTE 2.000%12/0	98954MAB7	1,698	1,500,000	PRN		DFND		1,500,000	0	0
ZIONS BANCORPORATION N A	*W EXP 05/21/202	989701115	2,321	174,749	SH		DFND		174,749	0	0
ZIONS BANCORPORATION N A	COM	989701107	1,379	30,000	SH	Call	DFND		30,000	0	0