III Capital Management Q3 2025 Filing
Filed November 14, 2025
Portfolio Value
$416.1B
Holdings
46
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (46 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 415,800 | $277.0B | 66.58% | |
| 2 | SO 4.5 06/15/27SOUTHERN CO | 16,482,000 | $18.4B | 4.41% | |
| 3 | IJHISHARES TR | 112,000 | $7.3B | 1.76% | |
| 4 | WEC 4.375 06/01/29WEC ENERGY GROUP INC | 5,000,000 | $6.1B | 1.47% | |
| 5 | 0J7QIAC INC | 180,000 | $6.1B | 1.47% | |
| 6 | HHYATT HOTELS CORP | 35,875 | $5.1B | 1.22% | |
| 7 | WDCWESTERN DIGITAL CORP | 41,713 | $5.0B | 1.20% | |
| 8 | DRVNDRIVEN BRANDS HLDGS INC | 295,625 | $4.8B | 1.14% | |
| 9 | BWABORGWARNER INC | 105,810 | $4.7B | 1.12% | |
| 10 | TAT&T INC | 163,550 | $4.6B | 1.11% | |
| 11 | OUTOUTFRONT MEDIA INC | 235,394 | $4.3B | 1.04% | |
| 12 | RHCRH PLC | 34,448 | $4.1B | 0.99% | |
| 13 | RTORENTOKIL INITIAL PLC | 160,132 | $4.0B | 0.97% | |
| 14 | URBNURBAN OUTFITTERS INC | 56,550 | $4.0B | 0.97% | |
| 15 | MHKMOHAWK INDS INC | 29,850 | $3.8B | 0.92% | |
| 16 | UBERUBER TECHNOLOGIES INC | 36,313 | $3.6B | 0.86% | |
| 17 | RLRALPH LAUREN CORP | 11,155 | $3.5B | 0.84% | |
| 18 | GOOGALPHABET INC | 14,140 | $3.4B | 0.83% | |
| 19 | MATMATTEL INC | 200,000 | $3.4B | 0.81% | |
| 20 | DLTRDOLLAR TREE INC | 35,000 | $3.3B | 0.79% | |
| 21 | CHTRCHARTER COMMUNICATIONS INC N | 12,000 | $3.3B | 0.79% | |
| 22 | XLFISELECT SECTOR SPDR TR | 36,051 | $2.8B | 0.68% | |
| 23 | CNKCINEMARK HLDGS INC | 85,000 | $2.4B | 0.57% | |
| 24 | KHCKRAFT HEINZ CO | 82,779 | $2.2B | 0.52% | |
| 25 | CZRCAESARS ENTERTAINMENT INC NE | 79,136 | $2.1B | 0.51% | |
| 26 | ACIALBERTSONS COS INC | 120,370 | $2.1B | 0.51% | |
| 27 | NXSTNEXSTAR MEDIA GROUP INC | 9,710 | $1.9B | 0.46% | |
| 28 | SATSECHOSTAR CORP | 25,000 | $1.9B | 0.46% | |
| 29 | BOX 1.5 09/15/29BOX INC | 1,820,000 | $1.8B | 0.44% | |
| 30 | NCLHNORWEGIAN CRUISE LINE HLDG L | 73,734 | $1.8B | 0.44% | |
| 31 | RRRRED ROCK RESORTS INC | 29,087 | $1.8B | 0.43% | |
| 32 | CCLCARNIVAL CORP | 60,000 | $1.7B | 0.42% | |
| 33 | LCIDLUCID GROUP INC | 71,700 | $1.7B | 0.41% | Put |
| 34 | FUNSIX FLAGS ENTERTAINMENT CORP | 75,000 | $1.7B | 0.41% | |
| 35 | METAMETA PLATFORMS INC | 2,000 | $1.5B | 0.35% | |
| 36 | CUCAAVIS BUDGET GROUP | 9,000 | $1.4B | 0.35% | |
| 37 | WBDWARNER BROS DISCOVERY INC | 60,000 | $1.2B | 0.28% | |
| 38 | DISDISNEY WALT CO | 10,000 | $1.1B | 0.28% | |
| 39 | PINSPINTEREST INC | 35,000 | $1.1B | 0.27% | |
| 40 | WHWYNDHAM HOTELS & RESORTS INC | 14,000 | $1.1B | 0.27% | |
| 41 | MIGASTRATEGY INC | 3,100 | $998.9M | 0.24% | |
| 42 | XLUSELECT SECTOR SPDR TR | 7,500 | $654.1M | 0.16% | |
| 43 | GDENGOLDEN ENTMT INC | 19,455 | $458.7M | 0.11% | |
| 44 | LVLNSPDR SERIES TRUST | 5,000 | $316.5M | 0.08% | |
| 45 | GQ9SPDR GOLD TR | 477 | $169.6M | 0.04% | |
| 46 | BBAI/WSBIGBEAR AI HLDGS INC | 34,000 | $71.7M | 0.02% |