III Capital Management
CIK
1783139
Location
BOCA RATON, FL
Portfolio Value
Small
$261,308,519
Diversification
Highly concentrated
Filing Date
Global Rank
#3,344
/ 8,232
▼ 550
Top Industry
Auto Manufacturers
26.4%
3Y Alpha vs SPY
-5.4%
Period ended 2 months ago
Filed May 15, 2026 · 30d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+54.9%
SPY
+76.3%
Annualised alpha
-5.1%
Max drawdown
−24.8%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
44 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
55.7%
−18.9 pts
Top 5
72.4%
−7.5 pts
Top 10
78.3%
−7.1 pts
HHI
3,267
Highly concentrated−2,326
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 56.9% | $148,757,623 |
| Consumer Cyclical | 26.8% | $70,141,978 |
| Communication Services | 4.9% | $12,714,282 |
| Technology | 4.0% | $10,565,761 |
| Industrials | 2.7% | $7,065,164 |
| Consumer Defensive | 1.9% | $4,864,842 |
| Basic Materials | 1.5% | $3,835,618 |
| Financial Services | 0.7% | $1,933,441 |
| Real Estate | 0.5% | $1,429,810 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
7 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | |
| SATS | 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 | $3,039,850 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
16 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| 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 | |
| IAC | IAC 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 | Open |
|---|---|---|---|---|
| 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. | ||||
44 positions ·
$261,308,519 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 | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
|
Reduced | 223,875 | $145,594,867 | 55.72% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
NEW | 80,000 | $29,740,000 | 11.38% | |
| VISN |
Vistance Networks, Inc.
Technology
|
Added | 338,825 | $6,166,615 | 2.36% | |
| CRH |
Crh Public Ltd Co
Basic Materials
|
NEW | 36,488 | $3,835,618 | 1.47% | |
| H |
Hyatt Hotels Corp
Consumer Cyclical
|
Reduced | 26,386 | $3,794,042 | 1.45% | |
| URBN |
Urban Outfitters Inc
Consumer Cyclical
|
Reduced | 54,837 | $3,473,923 | 1.33% | |
| TMUS |
T-Mobile US, Inc.
Communication Services
|
Reduced | 15,088 | $3,168,932 | 1.21% | |
| RTO |
Rentokil Initial PLC /Fi
Industrials
|
Reduced | 97,159 | $3,058,565 | 1.17% | |
| BKNG |
Booking Holdings Inc.
Consumer Cyclical
|
Reduced | 722 | $3,039,850 | 1.16% | |
| WYNN |
Wynn Resorts Ltd
Consumer Cyclical
|
NEW | 28,052 | $2,848,680 | 1.09% | |
| SLV |
iShares Silver Trust
|
Added | 39,684 | $2,704,067 | 1.03% | |
| CHTR |
Charter Communications, Inc. /Mo/
Communication Services
|
Added | 12,045 | $2,600,274 | 1.00% | |
| MHK |
Mohawk Industries Inc
Consumer Cyclical
|
Reduced | 25,949 | $2,554,938 | 0.98% | |
| BURL |
Burlington Stores, Inc.
Consumer Cyclical
|
NEW | 7,500 | $2,440,350 | 0.93% | |
| RRR |
Red Rock Resorts, Inc.
Consumer Cyclical
|
NEW | 43,442 | $2,318,065 | 0.89% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 3,993 | $2,284,515 | 0.87% | |
| UBER |
Uber Technologies, Inc
Technology
|
Reduced | 31,154 | $2,240,907 | 0.86% | |
| RL |
Ralph Lauren Corp
Consumer Cyclical
|
Reduced | 6,406 | $2,203,599 | 0.84% | |
| FLUT |
Flutter Entertainment plc
Consumer Cyclical
|
Added | 21,597 | $2,201,814 | 0.84% | |
| WDC |
Western Digital Corp
Technology
|
Reduced | 7,979 | $2,158,239 | 0.83% | |
| MAT |
Mattel Inc /De/
Consumer Cyclical
|
Reduced | 144,519 | $2,099,861 | 0.80% | |
| HRI |
Herc Holdings Inc
Industrials
|
NEW | 20,360 | $2,026,838 | 0.78% | |
| ETSY |
Etsy Inc
Consumer Cyclical
|
Added | 40,000 | $1,999,200 | 0.77% | |
| IAC |
IAC Inc.
Communication Services
|
NEW | 48,976 | $1,960,509 | 0.75% | |
| BX |
Blackstone Inc.
Financial Services
|
NEW | 16,814 | $1,933,441 | 0.74% | |
| CCL |
Carnival Corp Ltd.
Consumer Cyclical
|
NEW | 72,904 | $1,886,755 | 0.72% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Reduced | 19,316 | $1,863,414 | 0.71% | |
| PBI |
Pitney Bowes Inc /De/
Industrials
|
Reduced | 154,442 | $1,706,584 | 0.65% | |
| DLTR |
Dollar Tree, Inc.
Consumer Defensive
|
NEW | 15,102 | $1,653,820 | 0.63% | |
| BYD |
Boyd Gaming Corp
Consumer Cyclical
|
Reduced | 19,442 | $1,597,743 | 0.61% | |
| PENN |
PENN Entertainment, Inc.
Consumer Cyclical
|
Added | 101,046 | $1,518,721 | 0.58% | |
| PRKS |
United Parks & Resorts Inc.
Consumer Cyclical
|
NEW | 45,000 | $1,469,700 | 0.56% | |
| CSGP |
Costar Group, Inc.
Real Estate
|
NEW | 35,444 | $1,429,810 | 0.55% | |
| ACI |
Albertsons Companies, Inc.
Consumer Defensive
|
Reduced | 79,085 | $1,347,608 | 0.52% | |
| CZR |
Caesars Entertainment, Inc.
Consumer Cyclical
|
NEW | 49,210 | $1,300,620 | 0.50% | |
| SATS |
EchoStar CORP
Communication Services
|
Reduced | 10,682 | $1,250,541 | 0.48% | |
| VSNT |
Versant Media Group, Inc.
Communication Services
|
NEW | 29,856 | $1,105,269 | 0.42% | |
| LTH |
Life Time Group Holdings, Inc.
Consumer Cyclical
|
NEW | 36,000 | $969,840 | 0.37% | |
| WH |
Wyndham Hotels & Resorts, Inc.
Consumer Cyclical
|
Reduced | 11,874 | $964,525 | 0.37% | |
| DRVN |
Driven Brands Holdings Inc.
Consumer Cyclical
|
Reduced | 74,765 | $942,786 | 0.36% | |
| NCLH |
Norwegian Cruise Line Holdings Ltd.
Consumer Cyclical
|
Reduced | 41,549 | $776,966 | 0.30% | |
| GLD |
Spdr Gold Trust
|
Reduced | 1,066 | $458,689 | 0.18% | |
| TTWO |
Take Two Interactive Software Inc
Communication Services
|
NEW | 1,743 | $344,242 | 0.13% | |
| CAR |
Avis Budget Group, Inc.
Industrials
|
Reduced | 1,873 | $273,177 | 0.10% |