III Capital Management — 13F Holdings & Portfolio
CIK 1783139 · latest 13F-HR filed 2026-05-15
III Capital Management manages $344.4M in 13F-reported U.S. long-equity assets across 58 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SPY (42.28%), GDX (7.21%), EWJ (5.80%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 19 new positions, exited 16, added to 4, and trimmed 21.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$344.4M
Long-equity book
58
Distinct positions
2026-03-31
Filed 2026-05-15
+19 / −16 / ↑4 / ↓21
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- PENN ENTERTAINMENT INC$1.2M +414.8%
- VISTANCE NETWORKS INC$1.1M +21.5%
- ETSY INC$890.4K +80.3%
- CHARTER COMMUNICATIONS INC$721.5K +38.4%
Top Trims
- STATE STR SPDR S&P 500 ETF T-$153.7M -51.4%
- DRIVEN BRANDS HLDGS INC-$4.0M -80.8%
- BOYD GAMING CORP-$2.6M -61.7%
- RENTOKIL INITIAL PLC-$2.4M -43.9%
- ALBERTSONS COS INC-$2.4M -63.6%
New Positions
- ISHARES TR$9.9M
- ISHARES TR$5.4M
- CRH PLC$3.8M
- PROGRESS SOFTWARE CORP$2.9M
- WYNN RESORTS LTD$2.8M
Exited Positions
- ISHARES TR$25.2M
- SOUTHERN CO$17.6M
- WEC ENERGY GROUP INC$5.8M
- BORGWARNER INC$4.3M
- KRANESHARES TRUST$3.9M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $145.6M | 42.28% | 223,875 | SH |
| 2 | VANECK ETF TRUST Call | GDX | 92189F106 | $24.8M | 7.21% | 270,584 | SH |
| 3 | ISHARES INC Put | EWJ | 46434G822 | $20.0M | 5.80% | 236,608 | SH |
| 4 | TESLA INC Call | TSLA | 88160R101 | $14.9M | 4.32% | 40,000 | SH |
| 5 | TESLA INC Put | TSLA | 88160R101 | $14.9M | 4.32% | 40,000 | SH |
| 6 | ISHARES TR | EMB | 464288281 | $9.9M | 2.86% | 105,000 | SH |
| 7 | GLOBAL X FDS Call | COPX | 37954Y830 | $6.2M | 1.81% | 82,000 | SH |
| 8 | VISTANCE NETWORKS INC | VISN | 20337X109 | $6.2M | 1.79% | 338,825 | SH |
| 9 | ISHARES TR | EEM | 464287234 | $5.4M | 1.57% | 95,000 | SH |
| 10 | CRH PLC | CRH | G25508105 | $3.8M | 1.11% | 36,488 | SH |
| 11 | HYATT HOTELS CORP | H | 448579102 | $3.8M | 1.10% | 26,386 | SH |
| 12 | SELECT SECTOR SPDR TR Put | XLP | 81369Y308 | $3.7M | 1.09% | 45,732 | SH |
| 13 | KRANESHARES TRUST Call | KWEB | 500767306 | $3.6M | 1.05% | 126,800 | SH |
| 14 | URBAN OUTFITTERS INC | URBN | 917047102 | $3.5M | 1.01% | 54,837 | SH |
| 15 | T-MOBILE US INC | TMUS | 872590104 | $3.2M | 0.92% | 15,088 | SH |
| 16 | RENTOKIL INITIAL PLC | RTO | 760125104 | $3.1M | 0.89% | 97,159 | SH |
| 17 | BOOKING HOLDINGS INC | BKNG | 09857L108 | $3.0M | 0.88% | 722 | SH |
| 18 | PROGRESS SOFTWARE CORP | PRGS | 743312AD2 | $2.9M | 0.83% | 3,200,000 | PRN |
| 19 | WYNN RESORTS LTD | WYNN | 983134107 | $2.8M | 0.83% | 28,052 | SH |
| 20 | ISHARES SILVER TR Call | SLV | 46428Q109 | $2.7M | 0.79% | 39,684 | SH |
| 21 | CHARTER COMMUNICATIONS INC | CHTR | 16119P108 | $2.6M | 0.76% | 12,045 | SH |
| 22 | MOHAWK INDS INC | MHK | 608190104 | $2.6M | 0.74% | 25,949 | SH |
| 23 | NEXTERA ENERGY INC | NEEPV | 65339F655 | $2.5M | 0.73% | 50,000 | SH |
| 24 | BURLINGTON STORES INC | BURL | 122017106 | $2.4M | 0.71% | 7,500 | SH |
| 25 | KRANESHARES TRUST Put | KWEB | 500767306 | $2.4M | 0.70% | 84,576 | SH |
| 26 | RED ROCK RESORTS INC | RRR | 75700L108 | $2.3M | 0.67% | 43,442 | SH |
| 27 | META PLATFORMS INC | META | 30303M102 | $2.3M | 0.66% | 3,993 | SH |
| 28 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $2.2M | 0.65% | 31,154 | SH |
| 29 | RALPH LAUREN CORP | RL | 751212101 | $2.2M | 0.64% | 6,406 | SH |
| 30 | FLUTTER ENTMT PLC | FLUT | G3643J108 | $2.2M | 0.64% | 21,597 | SH |
| 31 | WESTERN DIGITAL CORP | WDC | 958102105 | $2.2M | 0.63% | 7,979 | SH |
| 32 | MATTEL INC | MAT | 577081102 | $2.1M | 0.61% | 144,519 | SH |
| 33 | HERC HLDGS INC | HRI | 42704L104 | $2.0M | 0.59% | 20,360 | SH |
| 34 | ETSY INC | ETSY | 29786A106 | $2.0M | 0.58% | 40,000 | SH |
| 35 | IAC INC | IAC | 44891N208 | $2.0M | 0.57% | 48,976 | SH |
| 36 | BLACKSTONE INC Call | BX | 09260D107 | $1.9M | 0.56% | 16,814 | SH |
| 37 | CARNIVAL CORP | CCL | 143658300 | $1.9M | 0.55% | 72,904 | SH |
| 38 | KIMBERLY-CLARK CORP | KMB | 494368103 | $1.9M | 0.54% | 19,316 | SH |
| 39 | PITNEY BOWES INC | PBI | 724479100 | $1.7M | 0.50% | 154,442 | SH |
| 40 | DOLLAR TREE INC | DLTR | 256746108 | $1.7M | 0.48% | 15,102 | SH |
| 41 | BOYD GAMING CORP | BYD | 103304101 | $1.6M | 0.46% | 19,442 | SH |
| 42 | PENN ENTERTAINMENT INC | PENN | 707569109 | $1.5M | 0.44% | 101,046 | SH |
| 43 | UNITED PARKS & RESORTS INC | PRKS | 81282V100 | $1.5M | 0.43% | 45,000 | SH |
| 44 | COSTAR GROUP INC Call | CSGP | 22160N109 | $1.4M | 0.42% | 35,444 | SH |
| 45 | ALBERTSONS COS INC | ACI | 013091103 | $1.3M | 0.39% | 79,085 | SH |
| 46 | CAESARS ENTERTAINMENT INC NE | CZR | 12769G100 | $1.3M | 0.38% | 49,210 | SH |
| 47 | ECHOSTAR CORP | SATS | 278768106 | $1.3M | 0.36% | 10,682 | SH |
| 48 | VERSANT MEDIA GROUP INC | VSNT | 925283103 | $1.1M | 0.32% | 29,856 | SH |
| 49 | LIFE TIME GROUP HOLDINGS INC | LTH | 53190C102 | $969.8K | 0.28% | 36,000 | SH |
| 50 | WYNDHAM HOTELS & RESORTS INC | WH | 98311A105 | $964.5K | 0.28% | 11,874 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $344.4M | 58 | 0001783139-26-000003 |
| 2025-12-31 | 2026-02-17 | $679.4M | 55 | 0001783139-26-000002 |
| 2025-09-30 | 2025-11-14 | $416.1M | 47 | 0001783139-25-000007 |