III Capital Management
BOCA RATON, FL
$384m in 44 US stocks at the end of 30 June 2026. The top 10 are 82.4% of the money. It changed about 24.3% of the portfolio this quarter.
Value
$384m
Stocks
44
Top 10 share
82.4%
Turnover
24.3%
What changed this quarter
New
Bought for the first time this quarter.
- Ishares TRHYG6.4% of the fund
- Ishares TRIJH2.5% of the fund
- Invesco Exchange Traded FD TRSP2.2% of the fund
- Genuine PartsGPC1.2% of the fund
- VersigentVGNT1.1% of the fund
- Boot Barn HoldingsBOOT0.8% of the fund
- Nexstar Media GroupNXST0.7% of the fund
- CarnivalCCL0.6% of the fund
- Warner Music GroupWMG0.6% of the fund
- FoxFOXA0.4% of the fund
- Micron TechnologyMU0.4% of the fund
- Advanced Micro DevicesAMD0.3% of the fund
- SandiskSNDK0.3% of the fund
- MiddlebyMIDD0.3% of the fund
- Ishares TRIGV0.2% of the fund
- Expedia GroupEXPE0.1% of the fund
- IntelINTC0.1% of the fund
Added
Bought more of a stock they already held.
- State STR Spdr S&P 500 ETF TSPY64.9% of the fund+49%
- CRH PublicCRH1.2% of the fund+16%
- T-Mobile USTMUS1.0% of the fund+50%
- Herc HoldingsHRI0.9% of the fund+22%
- Burlington StoresBURL0.9% of the fund+46%
- Wynn ResortsWYNN0.8% of the fund+19%
- EchoStarECHO0.8% of the fund+196%
- People Inc.PPLI0.8% of the fund+29%
- Uber TechnologiesUBER0.8% of the fund+29%
- Rentokil InitialRTO0.7% of the fund+4%
- Boyd GamingBYD0.6% of the fund+29%
- Spdr Gold TRGLD0.5% of the fund+422%
- Driven Brands HoldingsDRVN0.4% of the fund+46%
- Wyndham Hotels & ResortsWH0.3% of the fund+2%
Cut
Sold some of their stake.
- Hyatt HotelsH1.0% of the fund-23%
- Vistance NetworksVISN0.9% of the fund-20%
- Western DigitalWDC0.8% of the fund-37%
- Urban OutfittersURBN0.7% of the fund-30%
- Mohawk IndustriesMHK0.7% of the fund-19%
- Booking HoldingsBKNG0.5% of the fund-37%
- MattelMAT0.5% of the fund-9%
- Charter CommunicationsCHTR0.2% of the fund-44%
- PENN EntertainmentPENN0.1% of the fund-75%
- Ralph LaurenRL0.1% of the fund-82%
Sold out
Sold their entire stake.
- Ishares TREMB-100%
- Ishares TREEM-100%
- Red Rock ResortsRRR-100%
- Flutter EntertainmentFLUT-100%
- EtsyETSY-100%
- Carnival-100%
- Kimberly-ClarkKMB-100%
- Pitney BowesPBI-100%
- Dollar TreeDLTR-100%
- United Parks & ResortsPRKS-100%
- Albertsons CompaniesACI-100%
- Caesars EntertainmentCZR-100%
- Life Time Group HoldingsLTH-100%
- Select Sector Spdr TRXLV-100%
- Norwegian Cruise Line HoldingsNCLH-100%
- Take TWO Interactive SoftwareTTWO-100%
- Avis Budget GroupCAR-100%
- Select Sector Spdr TRXLU-100%
Holdings
- State STR Spdr S&P 500 ETF TSPY
- Share
- 64.9%
- Value
- $249m
- Shares
- 333,951
+49%
- Ishares TRHYG
- Share
- 6.4%
- Value
- $25m
- Shares
- 308,000
New
- Ishares TRIJH
- Share
- 2.5%
- Value
- $10m
- Shares
- 125,000
New
- Invesco Exchange Traded FD TRSP
- Share
- 2.2%
- Value
- $9m
- Shares
- 40,000
New
- VersigentVGNT
- Share
- 1.1%
- Value
- $4m
- Shares
- 102,199
New
- Rentokil InitialRTO
- Share
- 0.7%
- Value
- $3m
- Shares
- 100,684
+4%
- NextEra Energy
- Share
- 0.6%
- Value
- $2m
- Shares
- 50,000
Held
- Spdr Gold TRGLD
- Share
- 0.5%
- Value
- $2m
- Shares
- 5,566
+422%
- Ishares TRIGV
- Share
- 0.2%
- Value
- $906,000
- Shares
- 10,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | 64.9% | $249m | 333,951 | +49% |
| Ishares TRHYG | 6.4% | $25m | 308,000 | New |
| Ishares TRIJH | 2.5% | $10m | 125,000 | New |
| Invesco Exchange Traded FD TRSP | 2.2% | $9m | 40,000 | New |
| CRH PublicCRH | 1.2% | $5m | 42,444 | +16% |
| Genuine PartsGPC | 1.2% | $4m | 38,000 | New |
| VersigentVGNT | 1.1% | $4m | 102,199 | New |
| Hyatt HotelsH | 1.0% | $4m | 20,433 | -23% |
| T-Mobile USTMUS | 1.0% | $4m | 22,584 | +50% |
| Herc HoldingsHRI | 0.9% | $4m | 24,742 | +22% |
| Vistance NetworksVISN | 0.9% | $3m | 271,443 | -20% |
| Burlington StoresBURL | 0.9% | $3m | 10,930 | +46% |
| Wynn ResortsWYNN | 0.8% | $3m | 33,405 | +19% |
| EchoStarECHO | 0.8% | $3m | 31,637 | +196% |
| Western DigitalWDC | 0.8% | $3m | 5,000 | -37% |
| Boot Barn HoldingsBOOT | 0.8% | $3m | 18,000 | New |
| People Inc.PPLI | 0.8% | $3m | 63,000 | +29% |
| Uber TechnologiesUBER | 0.8% | $3m | 40,099 | +29% |
| Rentokil InitialRTO | 0.7% | $3m | 100,684 | +4% |
| Nexstar Media GroupNXST | 0.7% | $3m | 15,500 | New |
| Urban OutfittersURBN | 0.7% | $3m | 38,294 | -30% |
| Mohawk IndustriesMHK | 0.7% | $3m | 20,897 | -19% |
| CarnivalCCL | 0.6% | $2m | 86,820 | New |
| NextEra Energy | 0.6% | $2m | 50,000 | Held |
| Meta PlatformsMETA | 0.6% | $2m | 4,000 | Held |
| Boyd GamingBYD | 0.6% | $2m | 25,000 | +29% |
| Warner Music GroupWMG | 0.6% | $2m | 79,000 | New |
| Spdr Gold TRGLD | 0.5% | $2m | 5,566 | +422% |
| Booking HoldingsBKNG | 0.5% | $2m | 11,450 | -37% |
| MattelMAT | 0.5% | $2m | 132,109 | -9% |
| FoxFOXA | 0.4% | $2m | 32,587 | New |
| Driven Brands HoldingsDRVN | 0.4% | $2m | 109,020 | +46% |
| Micron TechnologyMU | 0.4% | $2m | 1,300 | New |
| Advanced Micro DevicesAMD | 0.3% | $1m | 2,200 | New |
| Versant Media GroupVSNT | 0.3% | $1m | 30,000 | Held |
| SandiskSNDK | 0.3% | $1m | 475 | New |
| MiddlebyMIDD | 0.3% | $1m | 6,000 | New |
| Wyndham Hotels & ResortsWH | 0.3% | $1m | 12,145 | +2% |
| Charter CommunicationsCHTR | 0.2% | $959,633 | 6,748 | -44% |
| Ishares TRIGV | 0.2% | $906,000 | 10,000 | New |
| PENN EntertainmentPENN | 0.1% | $541,048 | 25,330 | -75% |
| Expedia GroupEXPE | 0.1% | $511,760 | 2,000 | New |
| Ralph LaurenRL | 0.1% | $452,389 | 1,127 | -82% |
| IntelINTC | 0.1% | $404,927 | 2,900 | New |
Options (1)
- Wynn ResortsWYNN
- Type
- Call
- Value
- $3m
- Contracts
- 30,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Wynn ResortsWYNN | Call | $3m | 30,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 22.9% since 30 June 2025.
Where the money is
Retail & consumer10.5%
Media & telecom4.7%
Technology4.5%
Materials1.2%
Industrials1.0%
Other78.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.