13F HOLDINGS REPORT
III Capital Management
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001783139-25-000006
Total Value
$557.8M
Positions
52
Other Managers
0
Confidential Omitted
No
Holdings (52)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 329,200 | $203.4M | 36.46% |
| 2 | VANGUARD SCOTTSDALE FDS | 92206C409 | 2,160,000 | $171.7M | 30.79% |
| 3 | INNOVIVA INC | INVA | 22,543,000 | $26.2M | 4.70% |
| 4 | ISHARES TR | 464288513 | 249,000 | $20.1M | 3.60% |
| 5 | SOUTHERN CO | SOMN | 16,482,000 | $18.1M | 3.25% |
| 6 | INVESCO EXCHANGE TRADED FD T | IVZ | 50,000 | $9.1M | 1.63% |
| 7 | WEC ENERGY GROUP INC | WEC | 5,000,000 | $5.8M | 1.03% |
| 8 | WESTERN DIGITAL CORP | WDC | 82,900 | $5.3M | 0.95% |
| 9 | HERC HLDGS INC | HRI | 39,969 | $5.3M | 0.94% |
| 10 | CRH PLC | CRH | 55,534 | $5.1M | 0.91% |
| 11 | SIX FLAGS ENTERTAINMENT CORP | FUN | 158,849 | $4.8M | 0.87% |
| 12 | HYATT HOTELS CORP | H | 34,500 | $4.8M | 0.86% |
| 13 | OUTFRONT MEDIA INC | OUT | 289,819 | $4.7M | 0.85% |
| 14 | SEAGATE HDD CAYMAN | SE | 2,547,000 | $4.6M | 0.82% |
| 15 | META PLATFORMS INC | META | 6,000 | $4.4M | 0.79% |
| 16 | BORGWARNER INC | BWA | 132,000 | $4.4M | 0.79% |
| 17 | DRIVEN BRANDS HLDGS INC | DRVN | 250,000 | $4.4M | 0.79% |
| 18 | ALBERTSONS COS INC | 013091103 | 204,000 | $4.4M | 0.79% |
| 19 | URBAN OUTFITTERS INC | URBN | 55,000 | $4.0M | 0.72% |
| 20 | DOLLAR TREE INC | DLTR | 40,000 | $4.0M | 0.71% |
| 21 | CHARTER COMMUNICATIONS INC N | 16119P108 | 8,500 | $3.5M | 0.62% |
| 22 | CAESARS ENTERTAINMENT INC NE | 12769G100 | 99,900 | $2.8M | 0.51% |
| 23 | RENTOKIL INITIAL PLC | RKLIF | 112,030 | $2.7M | 0.48% |
| 24 | UBER TECHNOLOGIES INC | UBER | 25,657 | $2.4M | 0.43% |
| 25 | WYNN RESORTS LTD | WYNN | 25,000 | $2.3M | 0.42% |
| 26 | LUCID GROUP INC | LCID | 1,036,900 | $2.2M | 0.39% |
| 27 | WILLIAMS SONOMA INC | WSM | 13,000 | $2.1M | 0.38% |
| 28 | KRAFT HEINZ CO | KHC | 76,830 | $2.0M | 0.36% |
| 29 | VERIZON COMMUNICATIONS INC | VZ | 45,000 | $1.9M | 0.35% |
| 30 | TAPESTRY INC | TPR | 21,000 | $1.8M | 0.33% |
| 31 | AVIS BUDGET GROUP | CAR | 10,500 | $1.8M | 0.32% |
| 32 | NORWEGIAN CRUISE LINE HLDG L | NCLH | 85,600 | $1.7M | 0.31% |
| 33 | RALPH LAUREN CORP | RL | 6,000 | $1.6M | 0.30% |
| 34 | MOHAWK INDS INC | 608190104 | 15,000 | $1.6M | 0.28% |
| 35 | SELECT SECTOR SPDR TR | 81369Y308 | 19,300 | $1.6M | 0.28% |
| 36 | NEXSTAR MEDIA GROUP INC | NXST | 9,000 | $1.6M | 0.28% |
| 37 | BEYOND MEAT INC | BYND | 17,405,000 | $1.4M | 0.26% |
| 38 | BOYD GAMING CORP | BYD | 15,000 | $1.2M | 0.21% |
| 39 | PG&E CORP | PCG-PX | 80,000 | $1.1M | 0.20% |
| 40 | AT&T INC | T-PC | 30,000 | $868,200 | 0.16% |
| 41 | EXPEDIA GROUP INC | EXPE | 5,000 | $843,400 | 0.15% |
| 42 | APPLOVIN CORP | APP | 2,000 | $700,160 | 0.13% |
| 43 | CABLE ONE INC | CABO | 4,000 | $543,240 | 0.10% |
| 44 | GOLDEN ENTMT INC | NVGLF | 17,028 | $501,134 | 0.09% |
| 45 | SPIRIT AVIATION HLDGS INC | FLYYQ | 97,673 | $487,388 | 0.09% |
| 46 | VESTIS CORPORATION | VSTS | 81,241 | $465,510 | 0.08% |
| 47 | SELECT SECTOR SPDR TR | 81369Y605 | 8,000 | $418,960 | 0.08% |
| 48 | SELECT SECTOR SPDR TR | 81369Y886 | 4,000 | $326,640 | 0.06% |
| 49 | MICROSTRATEGY INC | STRK | 590 | $238,495 | 0.04% |
| 50 | LUCID GROUP INC | LCID | 94,000 | $198,340 | 0.04% |
| 51 | BEYOND MEAT INC | BYND | 29,800 | $104,002 | 0.02% |
| 52 | BIGBEAR AI HLDGS INC | BBAI-WT | 41,588 | $98,355 | 0.02% |