Filed: 5/15/2025ACC: 0001783139-25-000004
📋 What this filing means
III CAPITAL MANAGEMENT filed this quarterly 13F‑HR report disclosing 42 equity positions with a total reported market value of $552.38M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
42
Positions
$552.38M
Total AUM (reported)
129.30M
Total Shares
Allocation by class
IBOXX HI YD ETF$222.88M40.3%
SR LN ETF$97.70M17.7%
NOTE 0.750% 5/0$68.12M12.3%
COM$52.44M9.5%
NOTE 0.125% 1/1$34.38M6.2%
NOTE 2.500% 8/1$33.18M6.0%
CL A$9.01M1.6%
Portfolio Concentration
Top 3$388.69M70.4%
4–10$93.14M16.9%
11–25$51.20M9.3%
Rest$19.34M3.5%
Top 3 weight
70.4%
Top 10 weight
87.2%
Voting Authority Distribution
Total shares with voting rights: 129.30M
Sole
Full voting authority
129.30M
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)
Sole42
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings42
Rows:
ISHARES TR
SOLEShares2.83M
TypeSH
Market value$222.88M
40.35%
Sole
2.83M
Shared
0.00
None
0.00
INVESCO EXCH TRADED FD TR II
SOLEShares4.72M
TypeSH
Market value$97.70M
17.69%
Sole
4.72M
Shared
0.00
None
0.00
BOOKING HOLDINGS INC
SOLEShares27.71M
TypePRN
Market value$68.12M
12.33%
Sole
27.71M
Shared
0.00
None
0.00
BENTLEY SYS INC
SOLEShares35.60M
TypePRN
Market value$34.38M
6.22%
Sole
35.60M
Shared
0.00
None
0.00
INNOVIVA INC
SOLEShares29.84M
TypePRN
Market value$33.18M
6.01%
Sole
29.84M
Shared
0.00
None
0.00
LUCID GROUP INC
SOLEShares2.55M
TypeSH
Market value$6.18M
1.12%
Sole
2.55M
Shared
0.00
None
0.00
CHARTER COMMUNICATIONS INC N
SOLEShares13.50K
TypeSH
Market value$4.98M
0.90%
Sole
13.50K
Shared
0.00
None
0.00
HERC HLDGS INC
SOLEShares36.87K
TypeSH
Market value$4.95M
0.90%
Sole
36.87K
Shared
0.00
None
0.00
PG&E CORP
SOLEShares284K
TypeSH
Market value$4.88M
0.88%
Sole
284K
Shared
0.00
None
0.00
WESTERN DIGITAL CORP
SOLEShares113.80K
TypeSH
Market value$4.60M
0.83%
Sole
113.80K
Shared
0.00
None
0.00
DRIVEN BRANDS HLDGS INC
SOLEShares250K
TypeSH
Market value$4.29M
0.78%
Sole
250K
Shared
0.00
None
0.00
SEAGATE HDD CAYMAN
SOLEShares3.55M
TypePRN
Market value$4.27M
0.77%
Sole
3.55M
Shared
0.00
None
0.00
SIX FLAGS ENTERTAINMENT CORP
SOLEShares119.52K
TypeSH
Market value$4.26M
0.77%
Sole
119.52K
Shared
0.00
None
0.00
VESTIS CORPORATION
SOLEShares411.24K
TypeSH
Market value$4.07M
0.74%
Sole
411.24K
Shared
0.00
None
0.00
ALBERTSONS COS INC
SOLEShares185K
TypeSH
Market value$4.07M
0.74%
Sole
185K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares7K
TypeSH
Market value$4.03M
0.73%
Sole
7K
Shared
0.00
None
0.00
BORGWARNER INC
SOLEShares140K
TypeSH
Market value$4.01M
0.73%
Sole
140K
Shared
0.00
None
0.00
OUTFRONT MEDIA INC
SOLEShares224.87K
TypeSH
Market value$3.63M
0.66%
Sole
224.87K
Shared
0.00
None
0.00
RENTOKIL INITIAL PLC
SOLEShares157.03K
TypeSH
Market value$3.60M
0.65%
Sole
157.03K
Shared
0.00
None
0.00
AVIS BUDGET GROUP
SOLEShares45K
TypeSH
Market value$3.42M
0.62%
Sole
45K
Shared
0.00
None
0.00
WYNN RESORTS LTD
SOLEShares30K
TypeSH
Market value$2.50M
0.45%
Sole
30K
Shared
0.00
None
0.00
BEYOND MEAT INC
SOLEShares19.55M
TypePRN
Market value$2.39M
0.43%
Sole
19.55M
Shared
0.00
None
0.00
CRH PLC
SOLEShares26.53K
TypeSH
Market value$2.33M
0.42%
Sole
26.53K
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC
SOLEShares30K
TypeSH
Market value$2.19M
0.40%
Sole
30K
Shared
0.00
None
0.00
HYATT HOTELS CORP
SOLEShares17.50K
TypeSH
Market value$2.14M
0.39%
Sole
17.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | IBOXX HI YD ETF | 2.83M | SH | $222.88M 40.35% | 2.83M | 0.00 | 0.00 |
INVESCO EXCH TRADED FD TR IISOLE | SR LN ETF | 4.72M | SH | $97.70M 17.69% | 4.72M | 0.00 | 0.00 |
BOOKING HOLDINGS INCSOLE | NOTE 0.750% 5/0 | 27.71M | PRN | $68.12M 12.33% | 27.71M | 0.00 | 0.00 |
BENTLEY SYS INCSOLE | NOTE 0.125% 1/1 | 35.60M | PRN | $34.38M 6.22% | 35.60M | 0.00 | 0.00 |
INNOVIVA INCSOLE | NOTE 2.500% 8/1 | 29.84M | PRN | $33.18M 6.01% | 29.84M | 0.00 | 0.00 |
LUCID GROUP INCSOLE | COM | 2.55M | SH | $6.18M 1.12% | 2.55M | 0.00 | 0.00 |
CHARTER COMMUNICATIONS INC NSOLE | CL A | 13.50K | SH | $4.98M 0.90% | 13.50K | 0.00 | 0.00 |
HERC HLDGS INCSOLE | COM | 36.87K | SH | $4.95M 0.90% | 36.87K | 0.00 | 0.00 |
PG&E CORPSOLE | COM | 284K | SH | $4.88M 0.88% | 284K | 0.00 | 0.00 |
WESTERN DIGITAL CORPSOLE | COM | 113.80K | SH | $4.60M 0.83% | 113.80K | 0.00 | 0.00 |
DRIVEN BRANDS HLDGS INCSOLE | COM | 250K | SH | $4.29M 0.78% | 250K | 0.00 | 0.00 |
SEAGATE HDD CAYMANSOLE | NOTE 3.500% 6/0 | 3.55M | PRN | $4.27M 0.77% | 3.55M | 0.00 | 0.00 |
SIX FLAGS ENTERTAINMENT CORPSOLE | COM | 119.52K | SH | $4.26M 0.77% | 119.52K | 0.00 | 0.00 |
VESTIS CORPORATIONSOLE | COM SHS | 411.24K | SH | $4.07M 0.74% | 411.24K | 0.00 | 0.00 |
ALBERTSONS COS INCSOLE | COMMON STOCK | 185K | SH | $4.07M 0.74% | 185K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 7K | SH | $4.03M 0.73% | 7K | 0.00 | 0.00 |
BORGWARNER INCSOLE | COM | 140K | SH | $4.01M 0.73% | 140K | 0.00 | 0.00 |
OUTFRONT MEDIA INCSOLE | COM NEW | 224.87K | SH | $3.63M 0.66% | 224.87K | 0.00 | 0.00 |
RENTOKIL INITIAL PLCSOLE | SPONSORED ADR | 157.03K | SH | $3.60M 0.65% | 157.03K | 0.00 | 0.00 |
AVIS BUDGET GROUPSOLE | COM | 45K | SH | $3.42M 0.62% | 45K | 0.00 | 0.00 |
WYNN RESORTS LTDSOLE | COM | 30K | SH | $2.50M 0.45% | 30K | 0.00 | 0.00 |
BEYOND MEAT INCSOLE | NOTE 3/1 | 19.55M | PRN | $2.39M 0.43% | 19.55M | 0.00 | 0.00 |
CRH PLCSOLE | ORD | 26.53K | SH | $2.33M 0.42% | 26.53K | 0.00 | 0.00 |
UBER TECHNOLOGIES INCSOLE | COM | 30K | SH | $2.19M 0.40% | 30K | 0.00 | 0.00 |
HYATT HOTELS CORPSOLE | COM CL A | 17.50K | SH | $2.14M 0.39% | 17.50K | 0.00 | 0.00 |
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