III Capital Management 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
III Capital Management disclosed 40 US equity positions worth $423.6m in its Q1 2025 13F filing. The largest position was HYG at 24.8% of the reported book, followed by BKLN and BOOKING HOLDINGS INC. Against the Q4 2024 filing, it opened 12 new positions, added to 7 and reduced 18 among the top 40 holdings.
What did III Capital Management own in Q1 2025? Top 40 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | HYG ISHARES TR | 24.8% | $104.9m | 1,330,000 | – | new | |
| 2 | BKLN INVESCO EXCH TRADED FD TR II | 23.1% | $97.7m | 4,719,614 | -16% | reduced | |
| 3 | BOOKING HOLDINGS INC | 16.1% | $68.1m | 27,714,000 | -22% | reduced | |
| 4 | BENTLEY SYS INC | 8.1% | $34.4m | 35,605,000 | 0% | held | |
| 5 | INNOVIVA INC | 7.8% | $33.2m | 29,842,000 | 67% | added | |
| 6 | CHTR CHARTER COMMUNICATIONS INC N | Communication Services | 1.2% | $5.0m | 13,500 | 12% | added |
| 7 | HRI HERC HLDGS INC | Industrials | 1.2% | $5.0m | 36,872 | 34% | added |
| 8 | WDC WESTERN DIGITAL CORP | Technology | 1.1% | $4.6m | 113,800 | 434% | added |
| 9 | DRVN DRIVEN BRANDS HLDGS INC | Consumer Cyclical | 1.0% | $4.3m | 250,000 | – | new |
| 10 | SEAGATE HDD CAYMAN | 1.0% | $4.3m | 3,547,000 | -66% | reduced | |
| 11 | FUN SIX FLAGS ENTERTAINMENT CORP | 1.0% | $4.3m | 119,516 | 72% | added | |
| 12 | VSTS VESTIS CORPORATION | Industrials | 1.0% | $4.1m | 411,241 | 49% | added |
| 13 | ACI ALBERTSONS COS INC | Consumer Defensive | 1.0% | $4.1m | 185,000 | -38% | reduced |
| 14 | META META PLATFORMS INC | Communication Services | 1.0% | $4.0m | 7,000 | -12% | reduced |
| 15 | BWA BORGWARNER INC | Consumer Cyclical | 0.9% | $4.0m | 140,000 | – | new |
| 16 | OUT OUTFRONT MEDIA INC | Real Estate | 0.9% | $3.6m | 224,874 | – | new |
| 17 | RTO RENTOKIL INITIAL PLC | 0.8% | $3.6m | 157,030 | -18% | reduced | |
| 18 | CAR AVIS BUDGET GROUP | Industrials | 0.8% | $3.4m | 45,000 | 73% | added |
| 19 | WYNN WYNN RESORTS LTD | Consumer Cyclical | 0.6% | $2.5m | 30,000 | -45% | reduced |
| 20 | BYND BEYOND MEAT INC | 0.6% | $2.4m | 19,546,000 | 0% | held | |
| 21 | CRH CRH PLC | Basic Materials | 0.6% | $2.3m | 26,534 | -53% | reduced |
| 22 | UBER UBER TECHNOLOGIES INC | Technology | 0.5% | $2.2m | 30,000 | – | new |
| 23 | H HYATT HOTELS CORP | Consumer Cyclical | 0.5% | $2.1m | 17,500 | -38% | reduced |
| 24 | URBN URBAN OUTFITTERS INC | Consumer Cyclical | 0.5% | $2.1m | 40,000 | – | new |
| 25 | CZR CAESARS ENTERTAINMENT INC NE | Consumer Cyclical | 0.5% | $2.0m | 79,900 | -43% | reduced |
| 26 | TPR TAPESTRY INC | Consumer Cyclical | 0.4% | $1.9m | 27,000 | – | new |
| 27 | NXST NEXSTAR MEDIA GROUP INC | Communication Services | 0.4% | $1.8m | 10,000 | -38% | reduced |
| 28 | WBD WARNER BROS DISCOVERY INC | Communication Services | 0.4% | $1.7m | 155,000 | – | new |
| 29 | LSEA LANDSEA HOMES CORP | 0.4% | $1.6m | 255,815 | -30% | reduced | |
| 30 | XLP SELECT SECTOR SPDR TR | 0.4% | $1.6m | 19,300 | -70% | reduced | |
| 31 | CCOI COGENT COMMUNICATIONS HLDGS | Communication Services | 0.3% | $1.2m | 20,000 | – | new |
| 32 | DLTR DOLLAR TREE INC | Consumer Defensive | 0.3% | $1.1m | 15,000 | – | new |
| 33 | EXPE EXPEDIA GROUP INC | Consumer Cyclical | 0.2% | $1.0m | 6,000 | -83% | reduced |
| 34 | KHC KRAFT HEINZ CO | Consumer Defensive | 0.2% | $968.6k | 31,830 | -24% | reduced |
| 35 | NCLH NORWEGIAN CRUISE LINE HLDG L | Consumer Cyclical | 0.2% | $864.6k | 45,600 | -40% | reduced |
| 36 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 0.1% | $460.7k | 100 | – | new |
| 37 | GDEN GOLDEN ENTMT INC | 0.1% | $449.4k | 17,028 | -67% | reduced | |
| 38 | LZ LEGALZOOM COM INC | Industrials | 0.1% | $430.5k | 50,000 | – | new |
| 39 | LCID LUCID GROUP INC | Consumer Cyclical | 0.1% | $279.6k | 115,527 | 0% | held |
| 40 | BIGBEAR AI HLDGS INC | 0.0% | $36.2k | 42,900 | -18% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.