III Capital Management

Registered adviser

CIK

1783139

Location

BOCA RATON, FL

Portfolio Value

Small $384,921,073

Diversification

Highly concentrated

Filing Date

Global Rank

#4,488 / 8,817 ▼ 42

Top Industry

Apparel Retail 10.2%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 113539

Roster of Oct 1, 2026

Regulatory AUM

$88,235,915,100

Main clients

Pooled investment vehicles (71% of AUM)

Private funds

8 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$47,578,198,890 gross assets

LEI

549300V9QR7WKGI1ON02

Private funds on Schedule D 7.B.(1)

As filed Aug 16, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$18,408,578,527 gross assets in 9 funds Hedge funds $18,390,546,434 (8) Real estate funds $18,032,093 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$88,235,915,100	Pooled investment vehicles (71%)
Dec 2025 to Mar 2026	$85,069,518,850	Pooled investment vehicles (65%)
Apr 2025 to Sep 2025	$85,069,518,850	Pooled investment vehicles (65%)
Sep 2024 to Mar 2025	$39,514,428,923	Pooled investment vehicles (76%)
Apr 2024 to Aug 2024	$39,514,428,923	Pooled investment vehicles (76%)
Dec 2023 to Mar 2024	$33,254,393,444	Pooled investment vehicles (97%)

6 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 84.1% of the book (60%+)

Turnover

Medium turnover

66.3% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 4.2 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 92.5%; sector active share 67.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

43 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

64.8%

+21.8 pts

Top 5

78.9%

+9.3 pts

Top 10

84.1%

+6.8 pts

HHI

4,305

Highly concentrated+2,230

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	76.7%	$295,121,301	6
Consumer Cyclical	11.2%	$43,172,653	17
Communication Services	5.4%	$20,806,754	9
Technology	3.6%	$13,819,711	7
Industrials	1.9%	$7,459,146	3
Basic Materials	1.2%	$4,541,508	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
SPY	Spdr S&P 500 ETF Trust	+110,076	333,951	$249,384,588
DRVN	Driven Brands Holdings Inc.	+34,255	109,020	$1,519,738
ECHO	EchoStar CORP	+20,955	31,637	$3,211,155
PPLI	People Inc	+14,024	63,000	$2,908,080
CCL	Carnival Corp Ltd.	+13,916	86,820	$2,480,447
BKNG	Booking Holdings Inc.	+10,728	11,450	$2,040,848
UBER	Uber Technologies, Inc	+8,945	40,099	$2,893,543
TMUS	T-Mobile US, Inc.	+7,496	22,584	$3,788,014
CRH	Crh Public Ltd Co	+5,956	42,444	$4,541,508
BYD	Boyd Gaming Corp	+5,558	25,000	$2,208,250
WYNN	Wynn Resorts Ltd	+5,353	33,405	$3,243,291
GLD	Spdr Gold Trust	+4,500	5,566	$2,050,403
HRI	Herc Holdings Inc	+4,382	24,742	$3,546,518
RTO	Rentokil Initial PLC	+3,525	100,684	$2,880,569
BURL	Burlington Stores, Inc.	+3,430	10,930	$3,462,624
WH	Wyndham Hotels & Resorts, Inc.	+271	12,145	$1,022,730
VSNT	Versant Media Group, Inc.	+144	30,000	$1,080,300
META	Meta Platforms, Inc.	+7	4,000	$2,253,160
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
PENN	PENN Entertainment, Inc.	−75,716	25,330	$541,048
VISN	Vistance Networks, Inc.	−67,382	271,443	$3,469,041
URBN	Urban Outfitters Inc	−16,543	38,294	$2,713,512
MAT	Mattel Inc	−12,410	132,109	$1,833,672
H	Hyatt Hotels Corp	−5,953	20,433	$3,960,732
CHTR	Charter Communications, Inc.	−5,297	6,748	$959,633
RL	Ralph Lauren Corp	−5,279	1,127	$452,389
MHK	Mohawk Industries Inc	−5,052	20,897	$2,535,433
WDC	Western Digital Corp	−2,979	5,000	$3,193,600
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	308,000	$24,630,760
IJH	iShares Core S&P Mid-Cap ETF	125,000	$9,638,750
RSP	Victory Portfolios II	40,000	$8,510,800
GPC	Genuine Parts Co	38,000	$4,483,240
VGNT	Versigent PLC	102,199	$4,293,379
BOOT	Boot Barn Holdings, Inc.	18,000	$2,956,860
NXST	Nexstar Media Group, Inc.	15,500	$2,768,145
WMG	Warner Music Group Corp.	79,000	$2,138,530
FOXA	Fox Corp	32,587	$1,699,737
MU	Micron Technology Inc	1,300	$1,500,577
AMD	Advanced Micro Devices Inc	2,200	$1,278,002
SNDK	Sandisk Corp	475	$1,080,021
MIDD	MIDDLEBY Corp	6,000	$1,032,059
IGV	iShares Expanded Tech-Software Sector ETF	10,000	$906,000
EXPE	Expedia Group, Inc.	2,000	$511,760
INTC	Intel Corp	2,900	$404,927
No positions match the current search.

Sold Out

Positions the filer fully exited

17 positions

Ticker	Company	Shares	Value
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	105,000	$9,862,650
EEM	iShares MSCI Emerging Markets ETF	95,000	$5,395,050
RRR	Red Rock Resorts, Inc.	43,442	$2,318,065
FLUT	Flutter Entertainment plc	21,597	$2,201,814
ETSY	Etsy Inc	40,000	$1,999,200
KMB	Kimberly Clark Corp	19,316	$1,863,414
PBI	Pitney Bowes Inc	154,442	$1,706,584
DLTR	Dollar Tree, Inc.	15,102	$1,653,820
PRKS	United Parks & Resorts Inc.	45,000	$1,469,700
ACI	Albertsons Companies, Inc.	79,085	$1,347,608
CZR	Caesars Entertainment, Inc.	49,210	$1,300,620
LTH	Life Time Group Holdings, Inc.	36,000	$969,840
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	6,000	$879,660
NCLH	Norwegian Cruise Line Holdings Ltd.	41,549	$776,966
TTWO	Take Two Interactive Software Inc	1,743	$344,242
CAR	Avis Budget Group, Inc.	1,873	$273,177
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	380	$17,438
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

43 tracked positions · $384,921,073 total · filing declares 49 positions · $393,964,662 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	333,951	+110,076	$249,384,588	+71.3%	5	$635.05	64.79%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	NEW	308,000	NEW	$24,630,760	NEW	1	unpriced	6.40%
IJH	iShares Core S&P Mid-Cap ETF	NEW	125,000	NEW	$9,638,750	NEW	1	unpriced	2.50%
RSP	Victory Portfolios II	NEW	40,000	NEW	$8,510,800	NEW	1	$204.64	2.21%
WYNN	Wynn Resorts Ltd CALL + SHARES Consumer Cyclical	Added	63,405	+35,353	$6,155,991	+116.1%	2	$108.41	1.60%
CRH	Crh Public Ltd Co Basic Materials	Added	42,444	+5,956	$4,541,508	+18.4%	2	$116.40	1.18%
GPC	Genuine Parts Co Consumer Cyclical	NEW	38,000	NEW	$4,483,240	NEW	1	$104.37	1.16%
VGNT	Versigent PLC Consumer Cyclical	NEW	102,199	NEW	$4,293,379	NEW	1	$39.85	1.12%
H	Hyatt Hotels Corp Consumer Cyclical	Reduced	20,433	-5,953	$3,960,732	+4.4%	7	$140.31	1.03%
TMUS	T-Mobile US, Inc. Communication Services	Added	22,584	+7,496	$3,788,014	+19.5%	3	$204.48	0.98%
HRI	Herc Holdings Inc Industrials	Added	24,742	+4,382	$3,546,518	+75.0%	2	$140.25	0.92%
VISN	Vistance Networks, Inc. Technology	Reduced	271,443	-67,382	$3,469,041	−43.7%	3	$17.42	0.90%
BURL	Burlington Stores, Inc. Consumer Cyclical	Added	10,930	+3,430	$3,462,624	+41.9%	2	$311.35	0.90%
ECHO	EchoStar CORP Communication Services	Added	31,637	+20,955	$3,211,155	+156.8%	4	$96.25	0.83%
WDC	Western Digital Corp Technology	Reduced	5,000	-2,979	$3,193,600	+48.0%	12	unpriced	0.83%
BOOT	Boot Barn Holdings, Inc. Consumer Cyclical	NEW	18,000	NEW	$2,956,860	NEW	1	$162.18	0.77%
PPLI	People Inc Communication Services	Added	63,000	+14,024	$2,908,080	+48.3%	2	$38.98	0.76%
UBER	Uber Technologies, Inc Technology	Added	40,099	+8,945	$2,893,543	+29.1%	6	$79.62	0.75%
RTO	Rentokil Initial PLC Industrials	Added	100,684	+3,525	$2,880,569	−5.8%	10	$27.39	0.75%
NXST	Nexstar Media Group, Inc. Communication Services	NEW	15,500	NEW	$2,768,145	NEW	1	$187.25	0.72%
URBN	Urban Outfitters Inc Consumer Cyclical	Reduced	38,294	-16,543	$2,713,512	−21.9%	6	$56.72	0.70%
MHK	Mohawk Industries Inc Consumer Cyclical	Reduced	20,897	-5,052	$2,535,433	−0.8%	5	$114.24	0.66%
CCL	Carnival Corp Ltd. Consumer Cyclical	Added	86,820	+13,916	$2,480,447	+31.5%	2	$28.86	0.64%
META	Meta Platforms, Inc. Communication Services	Added	4,000	+7	$2,253,160	−1.4%	10	$597.80	0.59%
BYD	Boyd Gaming Corp Consumer Cyclical	Added	25,000	+5,558	$2,208,250	+38.2%	3	$83.00	0.57%
WMG	Warner Music Group Corp. Communication Services	NEW	79,000	NEW	$2,138,530	NEW	1	$29.74	0.56%
GLD	Spdr Gold Trust	Added	5,566	+4,500	$2,050,403	+347.0%	4	$405.28	0.53%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	11,450	+10,728	$2,040,848	−32.9%	3	$205.79	0.53%
MAT	Mattel Inc Consumer Cyclical	Reduced	132,109	-12,410	$1,833,672	−12.7%	4	$18.28	0.48%
FOXA	Fox Corp Communication Services	NEW	32,587	NEW	$1,699,737	NEW	1	$61.79	0.44%
DRVN	Driven Brands Holdings Inc. Consumer Cyclical	Added	109,020	+34,255	$1,519,738	+61.2%	6	$15.34	0.39%
MU	Micron Technology Inc Technology	NEW	1,300	NEW	$1,500,577	NEW	1	$749.89	0.39%
AMD	Advanced Micro Devices Inc Technology	NEW	2,200	NEW	$1,278,002	NEW	1	$409.99	0.33%
VSNT	Versant Media Group, Inc. Communication Services	Added	30,000	+144	$1,080,300	−2.3%	2	$33.73	0.28%
SNDK	Sandisk Corp Technology	NEW	475	NEW	$1,080,021	NEW	1	$1,427.50	0.28%
MIDD	MIDDLEBY Corp Industrials	NEW	6,000	NEW	$1,032,059	NEW	1	unpriced	0.27%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	Added	12,145	+271	$1,022,730	+6.0%	4	$80.01	0.27%
CHTR	Charter Communications, Inc. Communication Services	Reduced	6,748	-5,297	$959,633	−63.1%	10	$308.60	0.25%
IGV	iShares Expanded Tech-Software Sector ETF	NEW	10,000	NEW	$906,000	NEW	1	unpriced	0.24%
PENN	PENN Entertainment, Inc. Consumer Cyclical	Reduced	25,330	-75,716	$541,048	−64.4%	3	$14.24	0.14%
EXPE	Expedia Group, Inc. Consumer Cyclical	NEW	2,000	NEW	$511,760	NEW	1	$237.51	0.13%
RL	Ralph Lauren Corp Consumer Cyclical	Reduced	1,127	-5,279	$452,389	−79.5%	5	$270.80	0.12%
INTC	Intel Corp Technology	NEW	2,900	NEW	$404,927	NEW	1	$101.12	0.11%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.