III Capital Management

CIK

1783139

Location

BOCA RATON, FL

Portfolio Value

Small $258,390,263

Diversification

Highly concentrated

Filing Date

Global Rank

#3,681 / 8,621 ▼ 659 · as of Mar 2026

Top Industry

Auto Manufacturers 27.1%

3Y Alpha vs SPY

-7.2%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of III Capital Management's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 55% that is ordinary stock — as little as 6% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+41.0%

SPY

+67.9%

Annualised alpha

-6.7%

Max drawdown

−24.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 55% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

44 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

56.3%

−19.1 pts

Top 5

73.2%

−7.5 pts

Top 10

79.1%

−7.2 pts

HHI

3,340

Highly concentrated−2,368

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	57.6%	$148,757,623	3
Consumer Cyclical	26.0%	$67,223,722	21
Communication Services	4.9%	$12,714,282	7
Technology	4.1%	$10,565,761	3
Industrials	2.7%	$7,065,164	4
Consumer Defensive	1.9%	$4,864,842	3
Basic Materials	1.5%	$3,835,618	1
Financial Services	0.7%	$1,933,441	1
Real Estate	0.6%	$1,429,810	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
PENN	PENN Entertainment, Inc.	+81,046	101,046	$1,518,721
VISN	Vistance Networks, Inc.	+58,825	338,825	$6,166,615
SLV	iShares Silver Trust	+33,184	39,684	$2,704,067
ETSY	Etsy Inc	+20,000	40,000	$1,999,200
FLUT	Flutter Entertainment plc	+11,597	21,597	$2,201,814
CHTR	Charter Communications, Inc. /Mo/	+3,045	12,045	$2,600,274
META	Meta Platforms, Inc.	+493	3,993	$2,284,515
No positions match the current search.

Trimmed

Positions the filer reduced

21 positions

Ticker	Company	Δ Shares	Shares	Value
DRVN	Driven Brands Holdings Inc.	−255,860	74,765	$942,786
SPY	Spdr S&P 500 ETF Trust	−215,011	223,875	$145,594,867
ACI	Albertsons Companies, Inc.	−136,285	79,085	$1,347,608
PBI	Pitney Bowes Inc /De/	−125,558	154,442	$1,706,584
NCLH	Norwegian Cruise Line Holdings Ltd.	−97,185	41,549	$776,966
RTO	Rentokil Initial PLC /Fi	−87,973	97,159	$3,058,565
MAT	Mattel Inc /De/	−65,481	144,519	$2,099,861
BYD	Boyd Gaming Corp	−29,558	19,442	$1,597,743
WH	Wyndham Hotels & Resorts, Inc.	−21,126	11,874	$964,525
UBER	Uber Technologies, Inc	−18,159	31,154	$2,240,907
MHK	Mohawk Industries Inc	−15,901	25,949	$2,554,938
ECHO	EchoStar CORP	−14,318	10,682	$1,250,541
WDC	Western Digital Corp	−10,527	7,979	$2,158,239
CAR	Avis Budget Group, Inc.	−8,127	1,873	$273,177
H	Hyatt Hotels Corp	−7,489	26,386	$3,794,042
KMB	Kimberly Clark Corp	−6,684	19,316	$1,863,414
TMUS	T-Mobile US, Inc.	−4,912	15,088	$3,168,932
RL	Ralph Lauren Corp	−2,749	6,406	$2,203,599
URBN	Urban Outfitters Inc	−1,713	54,837	$3,473,923
GLD	Spdr Gold Trust	−1,000	1,066	$458,689
BKNG	Booking Holdings Inc.	−78	722	$121,594
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
TSLA	Tesla, Inc.	80,000	$29,740,000
CRH	Crh Public Ltd Co	36,488	$3,835,618
WYNN	Wynn Resorts Ltd	28,052	$2,848,680
BURL	Burlington Stores, Inc.	7,500	$2,440,350
RRR	Red Rock Resorts, Inc.	43,442	$2,318,065
HRI	Herc Holdings Inc	20,360	$2,026,838
PPLI	People Inc	48,976	$1,960,509
BX	Blackstone Inc.	16,814	$1,933,441
CCL	Carnival Corp Ltd.	72,904	$1,886,755
DLTR	Dollar Tree, Inc.	15,102	$1,653,820
PRKS	United Parks & Resorts Inc.	45,000	$1,469,700
CSGP	Costar Group, Inc.	35,444	$1,429,810
CZR	Caesars Entertainment, Inc.	49,210	$1,300,620
VSNT	Versant Media Group, Inc.	29,856	$1,105,269
LTH	Life Time Group Holdings, Inc.	36,000	$969,840
TTWO	Take Two Interactive Software Inc	1,743	$344,242
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
AVGO	Broadcom Inc.	14,814	$5,127,125
BWA	Borgwarner Inc	95,810	$4,317,198
CNK	Cinemark Holdings, Inc.	85,000	$1,975,400
PCG	PG&E Corp	80,000	$1,285,600
KHC	Kraft Heinz Co	52,779	$1,279,890
FUN	Six Flags Entertainment Corporation/NEW	80,000	$1,227,200
OUT	OUTFRONT Media Inc.	39,300	$947,130
NFLX	Netflix Inc	6,000	$562,560
LCID	Lucid Group, Inc.	34,290	$362,445
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

44 positions · $258,390,263 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	223,875	-215,011	$145,594,867	−51.4%	56.35%
TSLA	Tesla, Inc. PUT CALL Consumer Cyclical	NEW	80,000	NEW	$29,740,000	NEW	11.51%
VISN	Vistance Networks, Inc. Technology	Added	338,825	+58,825	$6,166,615	+21.5%	2.39%
CRH	Crh Public Ltd Co Basic Materials	NEW	36,488	NEW	$3,835,618	NEW	1.48%
H	Hyatt Hotels Corp Consumer Cyclical	Reduced	26,386	-7,489	$3,794,042	−30.1%	1.47%
URBN	Urban Outfitters Inc Consumer Cyclical	Reduced	54,837	-1,713	$3,473,923	−18.4%	1.34%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	15,088	-4,912	$3,168,932	−22.0%	1.23%
RTO	Rentokil Initial PLC /Fi Industrials	Reduced	97,159	-87,973	$3,058,565	−43.9%	1.18%
WYNN	Wynn Resorts Ltd Consumer Cyclical	NEW	28,052	NEW	$2,848,680	NEW	1.10%
SLV	iShares Silver Trust CALL	Added	39,684	+33,184	$2,704,067	+545.8%	1.05%
CHTR	Charter Communications, Inc. /Mo/ Communication Services	Added	12,045	+3,045	$2,600,274	+38.4%	1.01%
MHK	Mohawk Industries Inc Consumer Cyclical	Reduced	25,949	-15,901	$2,554,938	−44.1%	0.99%
BURL	Burlington Stores, Inc. Consumer Cyclical	NEW	7,500	NEW	$2,440,350	NEW	0.94%
RRR	Red Rock Resorts, Inc. Consumer Cyclical	NEW	43,442	NEW	$2,318,065	NEW	0.90%
META	Meta Platforms, Inc. Communication Services	Added	3,993	+493	$2,284,515	−1.1%	0.88%
UBER	Uber Technologies, Inc Technology	Reduced	31,154	-18,159	$2,240,907	−44.4%	0.87%
RL	Ralph Lauren Corp Consumer Cyclical	Reduced	6,406	-2,749	$2,203,599	−31.9%	0.85%
FLUT	Flutter Entertainment plc Consumer Cyclical	Added	21,597	+11,597	$2,201,814	+2.4%	0.85%
WDC	Western Digital Corp Technology	Reduced	7,979	-10,527	$2,158,239	−32.3%	0.84%
MAT	Mattel Inc /De/ Consumer Cyclical	Reduced	144,519	-65,481	$2,099,861	−49.6%	0.81%
HRI	Herc Holdings Inc Industrials	NEW	20,360	NEW	$2,026,838	NEW	0.78%
ETSY	Etsy Inc Consumer Cyclical	Added	40,000	+20,000	$1,999,200	+80.3%	0.77%
PPLI	People Inc Communication Services	NEW	48,976	NEW	$1,960,509	NEW	0.76%
BX	Blackstone Inc. CALL Financial Services	NEW	16,814	NEW	$1,933,441	NEW	0.75%
CCL	Carnival Corp Ltd. Consumer Cyclical	NEW	72,904	NEW	$1,886,755	NEW	0.73%
KMB	Kimberly Clark Corp Consumer Defensive	Reduced	19,316	-6,684	$1,863,414	−29.0%	0.72%
PBI	Pitney Bowes Inc /De/ Industrials	Reduced	154,442	-125,558	$1,706,584	−42.3%	0.66%
DLTR	Dollar Tree, Inc. Consumer Defensive	NEW	15,102	NEW	$1,653,820	NEW	0.64%
BYD	Boyd Gaming Corp Consumer Cyclical	Reduced	19,442	-29,558	$1,597,743	−61.7%	0.62%
PENN	PENN Entertainment, Inc. Consumer Cyclical	Added	101,046	+81,046	$1,518,721	+414.8%	0.59%
PRKS	United Parks & Resorts Inc. Consumer Cyclical	NEW	45,000	NEW	$1,469,700	NEW	0.57%
CSGP	Costar Group, Inc. CALL Real Estate	NEW	35,444	NEW	$1,429,810	NEW	0.55%
ACI	Albertsons Companies, Inc. Consumer Defensive	Reduced	79,085	-136,285	$1,347,608	−63.6%	0.52%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	NEW	49,210	NEW	$1,300,620	NEW	0.50%
ECHO	EchoStar CORP Communication Services	Reduced	10,682	-14,318	$1,250,541	−54.0%	0.48%
VSNT	Versant Media Group, Inc. Communication Services	NEW	29,856	NEW	$1,105,269	NEW	0.43%
LTH	Life Time Group Holdings, Inc. Consumer Cyclical	NEW	36,000	NEW	$969,840	NEW	0.38%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	Reduced	11,874	-21,126	$964,525	−61.3%	0.37%
DRVN	Driven Brands Holdings Inc. Consumer Cyclical	Reduced	74,765	-255,860	$942,786	−80.8%	0.36%
NCLH	Norwegian Cruise Line Holdings Ltd. Consumer Cyclical	Reduced	41,549	-97,185	$776,966	−74.9%	0.30%
GLD	Spdr Gold Trust	Reduced	1,066	-1,000	$458,689	−44.0%	0.18%
TTWO	Take Two Interactive Software Inc Communication Services	NEW	1,743	NEW	$344,242	NEW	0.13%
CAR	Avis Budget Group, Inc. Industrials	Reduced	1,873	-8,127	$273,177	−78.7%	0.11%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	722	-78	$121,594	−29.0%	0.05%