Q3 2025 · 13F-HR
III Capital Managementholdings as filed
Filed 2025-11-14 · accession 0001783139-25-000007
$416.1M
Reported value
47
Positions
2025-09-30
Period end
The Brief · III Capital Management · Q3 2025
AI · grounded in 13F
III Capital Management established a new position in SPY valued at $276.9M. The fund also added new positions in Southern Co [[stock:SO 4.5 06/15/27]] for $18.3M and iShares Tr IJH for $7.3M. Other new entries include IAC Inc IAC and WEC Energy Group Inc [[stock:WEC 4.375 06/01/29]], both valued at approximately $6.1M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $277.0M | 66.6% | 415,800 | Common | SOLE |
| 842587DZ7 | SO 4.5 06/15/27 | SOUTHERN CO | $18.4M | 4.41% | 16,482,000 | Common | SOLE |
| 464287507 | IJH | ISHARES TR | $7.3M | 1.76% | 112,000 | Common | SOLE |
| 92939UAR7 | WEC 4.375 06/01/29 | WEC ENERGY GROUP INC | $6.1M | 1.47% | 5,000,000 | Common | SOLE |
| 44891N208 | IAC | IAC INC | $6.1M | 1.47% | 180,000 | Common | SOLE |
| 448579102 | H | HYATT HOTELS CORP | $5.1M | 1.22% | 35,875 | Common | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $5.0M | 1.20% | 41,713 | Common | SOLE |
| 26210V102 | DRVN | DRIVEN BRANDS HLDGS INC | $4.8M | 1.14% | 295,625 | Common | SOLE |
| 099724106 | BWA | BORGWARNER INC | $4.7M | 1.12% | 105,810 | Common | SOLE |
| 00206R102 | T | AT&T INC | $4.6M | 1.11% | 163,550 | Common | SOLE |
| 69007J304 | OUT | OUTFRONT MEDIA INC | $4.3M | 1.04% | 235,394 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $4.1M | 0.99% | 34,448 | Common | SOLE |
| 760125104 | RTO | RENTOKIL INITIAL PLC | $4.0M | 0.97% | 160,132 | Common | SOLE |
| 917047102 | URBN | URBAN OUTFITTERS INC | $4.0M | 0.97% | 56,550 | Common | SOLE |
| 608190104 | MHK | MOHAWK INDS INC | $3.8M | 0.92% | 29,850 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $3.6M | 0.86% | 36,313 | Common | SOLE |
| 751212101 | RL | RALPH LAUREN CORP | $3.5M | 0.84% | 11,155 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $3.4M | 0.83% | 14,140 | Common | SOLE |
| 577081102 | MAT | MATTEL INC | $3.4M | 0.81% | 200,000 | Common | SOLE |
| 256746108 | DLTR | DOLLAR TREE INC | $3.3M | 0.79% | 35,000 | Common | SOLE |
| 16119P108 | CHTR | CHARTER COMMUNICATIONS INC N | $3.3M | 0.79% | 12,000 | Common | SOLE |
| 81369Y308 | XLP | SELECT SECTOR SPDR TR | $2.8M | 0.68% | 36,051 | Common | SOLE |
| 17243V102 | CNK | CINEMARK HLDGS INC | $2.4M | 0.57% | 85,000 | Common | SOLE |
| 500754106 | KHC | KRAFT HEINZ CO | $2.2M | 0.52% | 82,779 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $2.1M | 0.51% | 79,136 | Common | SOLE |
| 013091103 | ACI | ALBERTSONS COS INC | $2.1M | 0.51% | 120,370 | Common | SOLE |
| 65336K103 | NXST | NEXSTAR MEDIA GROUP INC | $1.9M | 0.46% | 9,710 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $1.9M | 0.46% | 25,000 | Common | SOLE |
| 10316TAD6 | BOX 1.5 09/15/29 | BOX INC | $1.8M | 0.44% | 1,820,000 | Common | SOLE |
| G66721104 | NCLH | NORWEGIAN CRUISE LINE HLDG L | $1.8M | 0.44% | 73,734 | Common | SOLE |
| 75700L108 | RRR | RED ROCK RESORTS INC | $1.8M | 0.43% | 29,087 | Common | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $1.7M | 0.42% | 60,000 | Common | SOLE |
| 83001C108 | FUN | SIX FLAGS ENTERTAINMENT CORP | $1.7M | 0.41% | 75,000 | Common | SOLE |
| 549498202 | LCID | LUCID GROUP INC | $1.6M | 0.40% | 69,180 | PUT | SOLE |
| 30303M102 | META | META PLATFORMS INC | $1.5M | 0.35% | 2,000 | Common | SOLE |
| 053774105 | CAR | AVIS BUDGET GROUP | $1.4M | 0.35% | 9,000 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $1.2M | 0.28% | 60,000 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $1.1M | 0.28% | 10,000 | Common | SOLE |
| 72352L106 | PINS | PINTEREST INC | $1.1M | 0.27% | 35,000 | Common | SOLE |
| 98311A105 | WH | WYNDHAM HOTELS & RESORTS INC | $1.1M | 0.27% | 14,000 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $998,851 | 0.24% | 3,100 | Common | SOLE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $654,075 | 0.16% | 7,500 | Common | SOLE |
| 381013101 | GDEN | GOLDEN ENTMT INC | $458,748 | 0.11% | 19,455 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $316,500 | 0.08% | 5,000 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $169,559 | 0.04% | 477 | Common | SOLE |
| 08975B117 | BBAI/WS | BIGBEAR AI HLDGS INC | $71,740 | 0.02% | 34,000 | Common | SOLE |
| 549498202 | LCID | LUCID GROUP INC | $59,950 | 0.01% | 2,520 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.