Q1 2026 · 13F-HR
III Capital Managementholdings as filed
Filed 2026-05-15 · accession 0001783139-26-000003
$344.4M
Reported value
58
Positions
2026-03-31
Period end
The Brief · III Capital Management · Q1 2026
AI · grounded in 13F
III Capital Management exited its position in XLE, reducing exposure by $107.6M. The fund also closed positions in XLF for $57.1M and LQD for $25.2M. Offsetting these sells, the fund established a new position in TSLA valued at $29.7M and added EWJ for $20M. Additionally, the fund increased its holdings in GDX by 364.9%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | STATE STR SPDR S&P 500 ETF T | $145.6M | 42.3% | 223,875 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $24.8M | 7.21% | 270,584 | CALL | SOLE |
| 46434G822 | EWJ | ISHARES INC | $20.0M | 5.80% | 236,608 | PUT | SOLE |
| 88160R101 | TSLA | TESLA INC | $14.9M | 4.32% | 40,000 | PUT | SOLE |
| 88160R101 | TSLA | TESLA INC | $14.9M | 4.32% | 40,000 | CALL | SOLE |
| 464288281 | EMB | ISHARES TR | $9.9M | 2.86% | 105,000 | Common | SOLE |
| 37954Y830 | COPX | GLOBAL X FDS | $6.2M | 1.81% | 82,000 | CALL | SOLE |
| 20337X109 | VISN | VISTANCE NETWORKS INC | $6.2M | 1.79% | 338,825 | Common | SOLE |
| 464287234 | EEM | ISHARES TR | $5.4M | 1.57% | 95,000 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $3.8M | 1.11% | 36,488 | Common | SOLE |
| 448579102 | H | HYATT HOTELS CORP | $3.8M | 1.10% | 26,386 | Common | SOLE |
| 81369Y308 | XLP | SELECT SECTOR SPDR TR | $3.7M | 1.09% | 45,732 | PUT | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $3.6M | 1.05% | 126,800 | CALL | SOLE |
| 917047102 | URBN | URBAN OUTFITTERS INC | $3.5M | 1.01% | 54,837 | Common | SOLE |
| 872590104 | TMUS | T-MOBILE US INC | $3.2M | 0.92% | 15,088 | Common | SOLE |
| 760125104 | RTO | RENTOKIL INITIAL PLC | $3.1M | 0.89% | 97,159 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $3.0M | 0.88% | 722 | Common | SOLE |
| 743312AD2 | PRGS 3.5 03/01/30 | PROGRESS SOFTWARE CORP | $2.9M | 0.83% | 3,200,000 | Common | SOLE |
| 983134107 | WYNN | WYNN RESORTS LTD | $2.8M | 0.83% | 28,052 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $2.7M | 0.79% | 39,684 | CALL | SOLE |
| 16119P108 | CHTR | CHARTER COMMUNICATIONS INC | $2.6M | 0.76% | 12,045 | Common | SOLE |
| 608190104 | MHK | MOHAWK INDS INC | $2.6M | 0.74% | 25,949 | Common | SOLE |
| 65339F655 | NEE 7.375 02/15/29 | NEXTERA ENERGY INC | $2.5M | 0.73% | 50,000 | Common | SOLE |
| 122017106 | BURL | BURLINGTON STORES INC | $2.4M | 0.71% | 7,500 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $2.4M | 0.70% | 84,576 | PUT | SOLE |
| 75700L108 | RRR | RED ROCK RESORTS INC | $2.3M | 0.67% | 43,442 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $2.3M | 0.66% | 3,993 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $2.2M | 0.65% | 31,154 | Common | SOLE |
| 751212101 | RL | RALPH LAUREN CORP | $2.2M | 0.64% | 6,406 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $2.2M | 0.64% | 21,597 | Common | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $2.2M | 0.63% | 7,979 | Common | SOLE |
| 577081102 | MAT | MATTEL INC | $2.1M | 0.61% | 144,519 | Common | SOLE |
| 42704L104 | HRI | HERC HLDGS INC | $2.0M | 0.59% | 20,360 | Common | SOLE |
| 29786A106 | ETSY | ETSY INC | $2.0M | 0.58% | 40,000 | Common | SOLE |
| 44891N208 | IAC | IAC INC | $2.0M | 0.57% | 48,976 | Common | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $1.9M | 0.56% | 16,814 | CALL | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $1.9M | 0.55% | 72,904 | Common | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $1.9M | 0.54% | 19,316 | Common | SOLE |
| 724479100 | PBI | PITNEY BOWES INC | $1.7M | 0.50% | 154,442 | Common | SOLE |
| 256746108 | DLTR | DOLLAR TREE INC | $1.7M | 0.48% | 15,102 | Common | SOLE |
| 103304101 | BYD | BOYD GAMING CORP | $1.6M | 0.46% | 19,442 | Common | SOLE |
| 707569109 | PENN | PENN ENTERTAINMENT INC | $1.5M | 0.44% | 101,046 | Common | SOLE |
| 81282V100 | PRKS | UNITED PARKS & RESORTS INC | $1.5M | 0.43% | 45,000 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $1.4M | 0.42% | 35,444 | CALL | SOLE |
| 013091103 | ACI | ALBERTSONS COS INC | $1.3M | 0.39% | 79,085 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $1.3M | 0.38% | 49,210 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $1.3M | 0.36% | 10,682 | Common | SOLE |
| 925283103 | VSNT | VERSANT MEDIA GROUP INC | $1.1M | 0.32% | 29,856 | Common | SOLE |
| 53190C102 | LTH | LIFE TIME GROUP HOLDINGS INC | $969,840 | 0.28% | 36,000 | Common | SOLE |
| 98311A105 | WH | WYNDHAM HOTELS & RESORTS INC | $964,525 | 0.28% | 11,874 | Common | SOLE |
| 26210V102 | DRVN | DRIVEN BRANDS HLDGS INC | $942,786 | 0.27% | 74,765 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $879,660 | 0.26% | 6,000 | Common | SOLE |
| G66721104 | NCLH | NORWEGIAN CRUISE LINE HLDGS | $776,966 | 0.23% | 41,549 | Common | SOLE |
| 48251W500 | KKR 6.25 03/01/28 D | KKR & CO INC | $701,203 | 0.20% | 17,465 | CALL | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $458,689 | 0.13% | 1,066 | Common | SOLE |
| 874054109 | TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $344,242 | 0.10% | 1,743 | Common | SOLE |
| 053774105 | CAR | AVIS BUDGET GROUP INC | $273,177 | 0.08% | 1,873 | Common | SOLE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $17,438 | 0.01% | 380 | 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.