III Capital Management Q2 2025 Filing
Filed August 14, 2025
Portfolio Value
$557.8M
Holdings
51
Report Date
Q2 2025
Filing Type
13F-HR
All Holdings (51 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 329,200 | $203.4M | 36.46% | |
| 2 | VCSHVANGUARD SCOTTSDALE FDS | 2,160,000 | $171.7M | 30.79% | |
| 3 | INVA 2.5 08/15/25INNOVIVA INC | 22,543,000 | $26.2M | 4.70% | |
| 4 | HYGISHARES TR | 249,000 | $20.1M | 3.60% | |
| 5 | SO 4.5 06/15/27SOUTHERN CO | 16,482,000 | $18.1M | 3.25% | |
| 6 | RSPINVESCO EXCHANGE TRADED FD T | 50,000 | $9.1M | 1.63% | |
| 7 | WEC 4.375 06/01/29WEC ENERGY GROUP INC | 5,000,000 | $5.8M | 1.03% | |
| 8 | WDCWESTERN DIGITAL CORP | 82,900 | $5.3M | 0.95% | |
| 9 | HRIHERC HLDGS INC | 39,969 | $5.3M | 0.94% | |
| 10 | RHCRH PLC | 55,534 | $5.1M | 0.91% | |
| 11 | FUNSIX FLAGS ENTERTAINMENT CORP | 158,849 | $4.8M | 0.87% | |
| 12 | HHYATT HOTELS CORP | 34,500 | $4.8M | 0.86% | |
| 13 | OUTOUTFRONT MEDIA INC | 289,819 | $4.7M | 0.85% | |
| 14 | STX 3.5 06/01/28SEAGATE HDD CAYMAN | 2,547,000 | $4.6M | 0.82% | |
| 15 | METAMETA PLATFORMS INC | 6,000 | $4.4M | 0.79% | |
| 16 | BWABORGWARNER INC | 132,000 | $4.4M | 0.79% | |
| 17 | DRVNDRIVEN BRANDS HLDGS INC | 250,000 | $4.4M | 0.79% | |
| 18 | ACIALBERTSONS COS INC | 204,000 | $4.4M | 0.79% | |
| 19 | URBNURBAN OUTFITTERS INC | 55,000 | $4.0M | 0.72% | |
| 20 | DLTRDOLLAR TREE INC | 40,000 | $4.0M | 0.71% | |
| 21 | CHTRCHARTER COMMUNICATIONS INC N | 8,500 | $3.5M | 0.62% | |
| 22 | CZRCAESARS ENTERTAINMENT INC NE | 99,900 | $2.8M | 0.51% | |
| 23 | RTORENTOKIL INITIAL PLC | 112,030 | $2.7M | 0.48% | |
| 24 | UBERUBER TECHNOLOGIES INC | 25,657 | $2.4M | 0.43% | |
| 25 | CCIVGBPLUCID GROUP INC | 1,130,900 | $2.4M | 0.43% | Put |
| 26 | WYNNWYNN RESORTS LTD | 25,000 | $2.3M | 0.42% | |
| 27 | WSMWILLIAMS SONOMA INC | 13,000 | $2.1M | 0.38% | |
| 28 | KHCKRAFT HEINZ CO | 76,830 | $2.0M | 0.36% | |
| 29 | BACVERIZON COMMUNICATIONS INC | 45,000 | $1.9M | 0.35% | |
| 30 | TPRTAPESTRY INC | 21,000 | $1.8M | 0.33% | |
| 31 | CUCAAVIS BUDGET GROUP | 10,500 | $1.8M | 0.32% | |
| 32 | NCLHNORWEGIAN CRUISE LINE HLDG L | 85,600 | $1.7M | 0.31% | |
| 33 | RLRALPH LAUREN CORP | 6,000 | $1.6M | 0.29% | |
| 34 | MHKMOHAWK INDS INC | 15,000 | $1.6M | 0.28% | |
| 35 | XLFISELECT SECTOR SPDR TR | 19,300 | $1.6M | 0.28% | |
| 36 | NXSTNEXSTAR MEDIA GROUP INC | 9,000 | $1.6M | 0.28% | |
| 37 | BYND 0 03/15/27BEYOND MEAT INC | 17,405,000 | $1.4M | 0.26% | |
| 38 | BYDBOYD GAMING CORP | 15,000 | $1.2M | 0.21% | |
| 39 | PCGPG&E CORP | 80,000 | $1.1M | 0.20% | Put |
| 40 | TAT&T INC | 30,000 | $868K | 0.16% | |
| 41 | EXPEEXPEDIA GROUP INC | 5,000 | $843K | 0.15% | |
| 42 | APPAPPLOVIN CORP | 2,000 | $700K | 0.13% | |
| 43 | CABOCABLE ONE INC | 4,000 | $543K | 0.10% | |
| 44 | GDENGOLDEN ENTMT INC | 17,028 | $501K | 0.09% | |
| 45 | FLYYQSPIRIT AVIATION HLDGS INC | 97,673 | $487K | 0.09% | |
| 46 | VSTSVESTIS CORPORATION | 81,241 | $465K | 0.08% | |
| 47 | XLFSELECT SECTOR SPDR TR | 8,000 | $418K | 0.07% | |
| 48 | XLUSELECT SECTOR SPDR TR | 4,000 | $326K | 0.06% | |
| 49 | MIGAMICROSTRATEGY INC | 590 | $238K | 0.04% | |
| 50 | BYNDBEYOND MEAT INC | 29,800 | $104K | 0.02% | Put |
| 51 | BBAI/WSBIGBEAR AI HLDGS INC | 41,588 | $98K | 0.02% |