Filed: 2/14/2025ACC: 0001783139-25-000003
📋 What this filing means
III CAPITAL MANAGEMENT filed this quarterly 13F‑HR report disclosing 36 equity positions with a total reported market value of $620.95M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
36
Positions
$620.95M
Total AUM (reported)
205.49M
Total Shares
Allocation by class
TR UNIT$129.16M20.8%
SR LN ETF$117.69M19.0%
NOTE 0.750% 5/0$93.77M15.1%
COM$52.67M8.5%
NOTE 0.750% 2/1$48.64M7.8%
NOTE 0.125% 1/1$34.60M5.6%
NOTE 0.125%10/0$28.22M4.5%
Portfolio Concentration
Top 3$340.62M54.9%
4–10$182.26M29.4%
11–25$79.25M12.8%
Rest$18.82M3.0%
Top 3 weight
54.9%
Top 10 weight
84.2%
Voting Authority Distribution
Total shares with voting rights: 205.49M
Sole
Full voting authority
205.49M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole36
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings36
Rows:
SPDR S&P 500 ETF TR
SOLEShares220.38K
TypeSH
Market value$129.16M
20.80%
Sole
220.38K
Shared
0.00
None
0.00
INVESCO EXCH TRADED FD TR II
SOLEShares5.59M
TypeSH
Market value$117.69M
18.95%
Sole
5.59M
Shared
0.00
None
0.00
BOOKING HOLDINGS INC
SOLEShares35.49M
TypePRN
Market value$93.77M
15.10%
Sole
35.49M
Shared
0.00
None
0.00
INSIGHT ENTERPRISES INC
SOLEShares21.59M
TypePRN
Market value$48.64M
7.83%
Sole
21.59M
Shared
0.00
None
0.00
BENTLEY SYS INC
SOLEShares35.60M
TypePRN
Market value$34.60M
5.57%
Sole
35.60M
Shared
0.00
None
0.00
ETSY INC
SOLEShares29.12M
TypePRN
Market value$28.22M
4.54%
Sole
29.12M
Shared
0.00
None
0.00
PG&E CORP
SOLEShares23.47M
TypePRN
Market value$25.49M
4.10%
Sole
23.47M
Shared
0.00
None
0.00
INNOVIVA INC
SOLEShares17.84M
TypePRN
Market value$19.67M
3.17%
Sole
17.84M
Shared
0.00
None
0.00
PG&E CORP
SOLEShares655.10K
TypeSH
Market value$13.22M
2.13%
Sole
655.10K
Shared
0.00
None
0.00
SEAGATE HDD CAYMAN
SOLEShares10.31M
TypePRN
Market value$12.41M
2.00%
Sole
10.31M
Shared
0.00
None
0.00
LUCID GROUP INC
SOLEShares4.01M
TypeSH
Market value$12.10M
1.95%
Sole
4.01M
Shared
0.00
None
0.00
EXPEDIA GROUP INC
SOLEShares34.48K
TypeSH
Market value$6.42M
1.03%
Sole
34.48K
Shared
0.00
None
0.00
ALBERTSONS COS INC
SOLEShares300K
TypeSH
Market value$5.89M
0.95%
Sole
300K
Shared
0.00
None
0.00
CRH PLC
SOLEShares56.53K
TypeSH
Market value$5.23M
0.84%
Sole
56.53K
Shared
0.00
None
0.00
HERC HLDGS INC
SOLEShares27.52K
TypeSH
Market value$5.21M
0.84%
Sole
27.52K
Shared
0.00
None
0.00
SELECT SECTOR SPDR TR
SOLEShares64.30K
TypeSH
Market value$5.05M
0.81%
Sole
64.30K
Shared
0.00
None
0.00
RENTOKIL INITIAL PLC
SOLEShares192.03K
TypeSH
Market value$4.86M
0.78%
Sole
192.03K
Shared
0.00
None
0.00
WYNN RESORTS LTD
SOLEShares55K
TypeSH
Market value$4.74M
0.76%
Sole
55K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares8K
TypeSH
Market value$4.68M
0.75%
Sole
8K
Shared
0.00
None
0.00
CAESARS ENTERTAINMENT INC NE
SOLEShares139.90K
TypeSH
Market value$4.68M
0.75%
Sole
139.90K
Shared
0.00
None
0.00
HYATT HOTELS CORP
SOLEShares28K
TypeSH
Market value$4.40M
0.71%
Sole
28K
Shared
0.00
None
0.00
IAC INC
SOLEShares100K
TypeSH
Market value$4.31M
0.69%
Sole
100K
Shared
0.00
None
0.00
VESTIS CORPORATION
SOLEShares275.93K
TypeSH
Market value$4.21M
0.68%
Sole
275.93K
Shared
0.00
None
0.00
CHARTER COMMUNICATIONS INC N
SOLEShares12K
TypeSH
Market value$4.11M
0.66%
Sole
12K
Shared
0.00
None
0.00
SIX FLAGS ENTERTAINMENT CORP
SOLEShares69.52K
TypeSH
Market value$3.35M
0.54%
Sole
69.52K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRSOLE | TR UNIT | 220.38K | SH | $129.16M 20.80% | 220.38K | 0.00 | 0.00 |
INVESCO EXCH TRADED FD TR IISOLE | SR LN ETF | 5.59M | SH | $117.69M 18.95% | 5.59M | 0.00 | 0.00 |
BOOKING HOLDINGS INCSOLE | NOTE 0.750% 5/0 | 35.49M | PRN | $93.77M 15.10% | 35.49M | 0.00 | 0.00 |
INSIGHT ENTERPRISES INCSOLE | NOTE 0.750% 2/1 | 21.59M | PRN | $48.64M 7.83% | 21.59M | 0.00 | 0.00 |
BENTLEY SYS INCSOLE | NOTE 0.125% 1/1 | 35.60M | PRN | $34.60M 5.57% | 35.60M | 0.00 | 0.00 |
ETSY INCSOLE | NOTE 0.125%10/0 | 29.12M | PRN | $28.22M 4.54% | 29.12M | 0.00 | 0.00 |
PG&E CORPSOLE | NOTE 4.250%12/0 | 23.47M | PRN | $25.49M 4.10% | 23.47M | 0.00 | 0.00 |
INNOVIVA INCSOLE | NOTE 2.500% 8/1 | 17.84M | PRN | $19.67M 3.17% | 17.84M | 0.00 | 0.00 |
PG&E CORPSOLE | COM | 655.10K | SH | $13.22M 2.13% | 655.10K | 0.00 | 0.00 |
SEAGATE HDD CAYMANSOLE | NOTE 3.500% 6/0 | 10.31M | PRN | $12.41M 2.00% | 10.31M | 0.00 | 0.00 |
LUCID GROUP INCSOLE | COM | 4.01M | SH | $12.10M 1.95% | 4.01M | 0.00 | 0.00 |
EXPEDIA GROUP INCSOLE | COM NEW | 34.48K | SH | $6.42M 1.03% | 34.48K | 0.00 | 0.00 |
ALBERTSONS COS INCSOLE | COMMON STOCK | 300K | SH | $5.89M 0.95% | 300K | 0.00 | 0.00 |
CRH PLCSOLE | ORD | 56.53K | SH | $5.23M 0.84% | 56.53K | 0.00 | 0.00 |
HERC HLDGS INCSOLE | COM | 27.52K | SH | $5.21M 0.84% | 27.52K | 0.00 | 0.00 |
SELECT SECTOR SPDR TRSOLE | SBI CONS STPLS | 64.30K | SH | $5.05M 0.81% | 64.30K | 0.00 | 0.00 |
RENTOKIL INITIAL PLCSOLE | SPONSORED ADR | 192.03K | SH | $4.86M 0.78% | 192.03K | 0.00 | 0.00 |
WYNN RESORTS LTDSOLE | COM | 55K | SH | $4.74M 0.76% | 55K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 8K | SH | $4.68M 0.75% | 8K | 0.00 | 0.00 |
CAESARS ENTERTAINMENT INC NESOLE | COM | 139.90K | SH | $4.68M 0.75% | 139.90K | 0.00 | 0.00 |
HYATT HOTELS CORPSOLE | COM CL A | 28K | SH | $4.40M 0.71% | 28K | 0.00 | 0.00 |
IAC INCSOLE | COM NEW | 100K | SH | $4.31M 0.69% | 100K | 0.00 | 0.00 |
VESTIS CORPORATIONSOLE | COM SHS | 275.93K | SH | $4.21M 0.68% | 275.93K | 0.00 | 0.00 |
CHARTER COMMUNICATIONS INC NSOLE | CL A | 12K | SH | $4.11M 0.66% | 12K | 0.00 | 0.00 |
SIX FLAGS ENTERTAINMENT CORPSOLE | COM | 69.52K | SH | $3.35M 0.54% | 69.52K | 0.00 | 0.00 |
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